Statistics Canada reports household debt outpaced income in first quarter (opens original article in a new tab)

Statistics Canada reports Canadian households' debt exceeded income for the sixth consecutive quarter, with debt-to-income ratio reaching 179.6% in Q1 2026.

• Canadian households' credit market debt rose to 179.6% of disposable income in Q1 2026.
• Debt service ratio increased to 14.75% of disposable income in Q1 2026.
• Household credit market borrowing reached $35.5 billion in Q1 2026.