Source: Andy Blatchford, The Canadian Press, March 16, 2018
OTTAWA – With a popular measure that shows Canadians’ soaring debt remains in record-breaking territory, the federal government has acknowledged internally there’s no way of knowing whether the burden has climbed too high.
A recently released federal analysis, prepared for Finance Minister Bill Morneau, said the country’s household-debt-to-disposable-income ratio has been steadily rising since 1990, when it was 90 per cent. That translates to 90 cents in debt for every dollar of household disposable income.
