Canadian household debt ratios hit a record high over the spring, according to new figures released by Statistics Canada. The ratio of household credit market debt to disposable income rose from 165.2 per cent in the first quarter of the year to 167.6 per cent in the second quarter.
The way I work with my clients is that I show them a plan to ‘get out’ of debt before getting into it. The big 5 banks keep posting record profits because of the household debt ratios. Andrew Pereira can help you pay down your debt the most efficient way possible. Call 519-358-1115 ext. 226 or e-mail him at Andrew.pereira@investorsgroup.com to find out how.
