Canadians' Debt Service Ratio Hits Record
This is a news story, published by Yahoo Finance (Canada), that relates primarily to Shelly Kaushik news.
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ongoing interest rateYahoo Finance (Canada)
•A key indicator on Canadians' debt is heading for a record, economists say
85% Informative
Debt service ratio (DSR) hits 14.97 per cent , slightly off the 15.03 per cent record set in Q1 2019 .
BMO economist Shelly Kaushik : "We wouldn’t be surprised” to see it “hit fresh record highs” The DSR has been flirting with the 15 per cent boundary since Q1 2023 without crossing it.
Desjardins’ senior director of Canadian economics argued this was a sign of financial prudence as many anticipate higher mortgage payments.
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