Newspaper article The Canadian Press

Ontario Audio 1:55 PM ET

Newspaper article The Canadian Press

Ontario Audio 1:55 PM ET

Article excerpt

Ontario Audio 1:55 PM ET

--

R02 - (Ont-Household-Debt)

TORONTO. x-12s. Ontario's fiscal watchdog says household debt in the province has increased since 2010, and is projected to continue to grow, which could spell trouble for the economy as interest rates also climb. Financial Accountability Office chief economist David West says low interest rates have fuelled spending in the province and household debt has grown by 4.4 per cent on average each year between 2010 and 2016. Household focusing on increased debt repayment has the potential to impact Ontario's economy, he said.

("..the economy.") (SOURCE:The Canadian Press)

TAG: The FAO says that during that same period, growth in household disposable income grew by only 2. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.