Canadian household debt levels may actually be conservative

Everybody from the International Monetary Fund to the Bank of Canada have sounded alarm bells on the high level of household debt in Canada, but a new report suggests the situation isn’t all that dire.

Due largely to the dramatic rise in home prices in some of Canada’s largest cities, credit market debt continues to be considered a major threat to the financial system.

Recent figures from Statistics Canada that show Canadians have $1.68 in credit market debt for every $1.00 of disposable...

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