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

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

• Canadian households' credit market debt surpassed income for the sixth consecutive quarter.
• Household debt-to-income ratio rose to 179.6% in Q1 2026.
• Total household credit market borrowing increased to $35.5 billion in Q1 2026.