Canadian Household Debt Rises in Q2 as Income Growth Lags
Statistics Canada reports that Canadian household debt rose in the second quarter of 2025, outpacing income growth and pushing the debt-to-income ratio higher. The household credit market debt-to-disposable income ratio increased to 174.9% on a seasonally adjusted basis—up 1.1% from the previous quarter. This means Canadians owed $1.75 in credit market debt for every dollar…


