Tuesday, May 11, 2010

Canadians' Household Debt Reaches Record Levels

   Canadians' debt-to-income ratio now ranks first among 20-advanced countries in the OECD and a new study suggests the recession did little to dampen the country's enthusiasm for taking on household debt.
The level of household income soared to an average of more than $40,000, according to a report from the Certified General Accountants Association of Canada.

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