Canada's household debt is now highest in the G7

2023-05-24 21:56

Household debt also exceeds Canada's entire GDP, housing agency data reveals.

Household debt in Canada is now the highest of any other G7 country, according to data by the country's housing agency.

The amount owed by Canadian households is also higher than the country's entire GDP.

The Canada Mortgage and Housing Corporation said high home prices are to blame for the...