inFocus: The Clock is Ticking on Canadian Household Debt

Date: April, 2016 piggy bank and ticking clock, concept for household debt

Rising household debt is leaving Canadians more vulnerable to interest rates and economic volatility, according to a January 2016 report from the Parliamentary Budget Office (“PBO”). Based on PBO projections, household debt-to-income ratio will move in an upward trend over the next five years as interest rates rise toward “normal” levels.

Click here to read our article The Clock is Ticking on Canadian Household Debt from Graeme Hamilton, Analyst – Crowe Soberman Inc., Licensed Insolvency Trustees.

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