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Yahoo Finance (Canada)

Yahoo Finance (Canada)

A key indicator on Canadians' debt is heading for a record, economists say

Yahoo Finance (Canada)
Summary
Nutrition label

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.

VR Score

89

Informative language

91

Neutral language

42

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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