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Canadian Households Sinking Further Into Debt: Study
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February 16, 2010 | ARPA Canada
National Post, Feb 16, 2010: The study showed the average Canadian household debt climbed to $96,100, creating a debt-to-income ratio of 145 per cent in 2009, the highest it has ever been. “Under this scenario, some 1.3 million households could have a vulnerable or dangerously high debt service load by 2011,” the report stated. [Read the full story here.]
