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Canada’s household debt ratio relatively steady, net worth improves

Debt as a proportion of household disposable income slight drop for the third quarter in a row
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Statistics Canada says seasonally-adjusted household credit market debt as a proportion of household disposable income dropped for the third quarter in row recently. A Canadian dollar coin is pictured in Vancouver on Wednesday, May 29, 2019. THE CANADIAN PRESS/Jonathan Hayward

Statistics Canada says households owed $1.79 in credit market debt on average for every dollar of disposable income in the fourth quarter.

The federal agency said Wednesday that seasonally adjusted household credit market debt as a proportion of household disposable income fell for the third quarter in a row.

The figure dipped to 178.7 per cent in the fourth quarter from 179.2

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