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Canada's Debt to Income Ratio the Lowest in Years
Topic Started: Jun 15 2018, 03:11 AM (91 Views)
Brewster
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Reuters
 
Canadian household debt as a share of income slipped in the first quarter to a two-year low, a development sure to please policymakers worried about the pain that {any} rising interest rates will cause.

The ratio of debt to disposable income - which hit a record 170.0 percent last year - fell to 168.0 percent from 169.7 percent in the fourth quarter, Statistics Canada said on Thursday. This was its lowest since the 165.4 percent recorded in the first quarter of 2016.

The Bank of Canada, which regularly expresses concerns about Canadians' debt levels as interest rates rise, last week said slowing credit growth among households and higher incomes have reduced vulnerabilities. "What we've been worried over this recovery in Canada has been the vulnerability posed by these high household debt levels and policymakers have been working to find ways to reduce those risks," he said in a interview. "A more gradual pace to rate hikes, one that creates an environment that the economy can still (thrive), is the best way to contain the risks from high household debt ratios."

Disposable income rose by 1.3 percent while credit market debt edged up by 0.3 percent. On a seasonally adjusted basis, households borrowed C$22.2 billion ($17.1 billion) in the first quarter, down from C$25.4 billion in the preceding quarter.

Mortgage borrowing fell to C$13.7 billion from C$15.7 billion, the lowest since the second quarter of 2014, pulled down by higher rates and new mortgage regulations.


Still higher than I'd like, but heading in the proper direction...
Edited by Brewster, Jun 15 2018, 03:12 AM.
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Berton
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That is what can be achieved when you don't pay your way for the common defense.
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Brewster
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Another lie.
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Berton
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Not at all. When you don't spend 2% of your GDP on defence then you can use that money for other things.

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Sea Dog
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Berton
Jun 15 2018, 03:17 AM
Not at all. When you don't spend 2% of your GDP on defence then you can use that money for other things.

I should not think that you would not want Canada to have strong
defense capabilities in case Trump decides to come in and "liberate" us!



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Brewster
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Berton
Jun 15 2018, 03:17 AM
Not at all. When you don't spend 2% of your GDP on defence then you can use that money for other things.

What's that got to do with "Paying our way?"

We promised to be spending up to 2% on our military by the mid 2020's, and we're on track to exactly that.

The only country that has a problem with that is the US, who is looking for any excuse to spend more on its military - not our problem.

Another lie from Berton shot down. That's more than enough for one day.




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Thumper
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Sea Dog
Jun 15 2018, 03:34 AM
Berton
Jun 15 2018, 03:17 AM
Not at all. When you don't spend 2% of your GDP on defence then you can use that money for other things.

I should not think that you would not want Canada to have strong
defense capabilities in case Trump decides to come in and "liberate" us!



All we have to do is close our border and Canada would shrivel up and die in days.
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Jim Miller
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What a great idea! I'm tired of having to pay to protect their cowardly, cheap asses.
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Brewster
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How can you be? You haven't paid a cent so far.
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Thumper
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Pay up pikers!
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