Canadian households and debt

A recent report from the office of the Parliamentary Budget Officer of Canada (PBO) found that on average, Canadian households had $171 of debt for every $100 of income. What’s fuelling such drastic levels of indebtedness and financial vulnerability in Canada? We caught up with Mostafa Askari from the PBO to discuss recent trends in household debt accumulation in Canada and what Canadians can expect from the financial market going forward. To read the PBO’s full report, click here.

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