Canada's strong economy is an illusion - 2019

177 % -------- Debt to disposable income ratio holds steady at 177%,
Canadians borrowed $7.0 billion in consumer credit and non-mortgage loans, while mortgage borrowing reached $13.2 billion.Jun 13, 2019 On a seasonally adjusted basis, total credit market borrowing in the quarter

Canadian households are spending more than ever on debt payments
The household debt-service ratio hit 14.9 per cent in the first quarter of 2019, edging a previous record set in the final quarter of 2007, in data going back to 1990. In dollar terms, Canadian households spent $202-billion on debt payments in the first quarter, with about $91-billion for servicing mortgage debt.

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