1 in 10 Canada Families Highly in Debt: Chart of the Day – Bloomberg 07-02-13

Salient to Investors:

Michael Hsu at Ipsos says the share of Canadian households with debts greater than or equal to 250 percent of gross income reached a record 13.5 percent in 2012 then dropped to 11.4 percent in Q1 2013, though most of the debt is going into real estate which is holding up nicely.

The Bank of Canada said household imbalances remain the biggest domestic risk to the financial system.

Statistics Canada said the ratio of household debt to disposable income fell to 161.8 percent in Q1 2013 from a record 162.8 percent in Q3 2012.

Read the full article at  http://www.bloomberg.com/news/2013-07-02/1-in-10-canada-families-highly-in-debt-chart-of-the-day.html

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