National Household Debt and Statistics Canada

collective debt level: Statistics Canada had released its latest national figure just before Christmas: we — all Canadians — had pushed national household debt to a new record, according to The Toronto Star. Our collective debt level had reached 163.7 per cent of personal income. Of particular note was his citing of the word useless. It didn’t take much of an imagination to conjure Toronto millennials doing a gut job on their $1-million-plus semis, thinking, well now, that doesn’t sound so bad. Before that he was chief economist at the TD Bank. Who isn’t carrying $1.60 in debt per every dollar of income Alexander is vice-president, economic analysis, at the C. D. Howe Institute. (news.financializer.com). As reported in the news.