Daily Update (Source: RBC Financial Group
Canadian household net worth reached a new record high in the second quarter
Sep 12, 2014
- The market value for the net worth of Canadian households rose by 2.3% ($183 billion) in the second quarter of 2014 to $8.1 trillion. This represents the highest level of aggregate net worth on record.
- The gain in net worth reflected the $207 billion (2.1%) increase in household assets values (to $9.9 trillion) being partially offset by the $24 billion (1.3%) rise (to $1.8 trillion) in household liabilities.
- Credit market debt-to-asset and debt-to-net worth ratios trended lower in the second quarter to build on declines in the previous three quarters, falling modestly to 18.2% and 22.3%, respectively, from 18.3% and 22.5%, respectively, in the first quarter. In contrast, the credit market debt-to-income ratio moved higher for the first time
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