By The Canadian Press, June 14, 2017 

OTTAWA — The amount Canadians owe compared with their income ticked lower in the first quarter but remained near record levels as mortgage debt continued to climb.

Statistics Canada says the amount of household credit market debt as a proportion of household disposable income slipped to 166.9 per cent in the quarter compared with 167.2 per cent in the fourth quarter of last year.

That means that for every dollar of disposable income, Canadians owe about $1.67 in debt.

Read full article here….