Tagged: Canadian Households

The Bank of Nova Scotia expects Canadians to concentrate on saving more of their incomes while governments focus on climbing out of deficits

Consumer spending will continue to cool

While Canadian households may be setting new highs in debt-to-income ratios, the country’s corporations, governments and citizens are in a much stronger position to handle that risk, a new report from the Bank of Nova Scotia said Thursday.

Housing correction? Maybe – but not a major decline

Housing correction? Maybe – but not a major decline

It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.

Household debt to outpace income

Household debt to outpace income

When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.