The amount that Canadians owe compared to what they earn ticked down in the first three months of 2016, but is still near a record high. On a per capita basis, the net worth of the typical Canadian came in at $265,200 in the first quarter. That means households owe $1.65 in debt for every dollar of disposable income they have — still near an all-time high. Most of that — $1.268 trillion — came in the form of mortgage debt. While their assets may also be appreciating, the numbers show that Canadians now owe almost as much as the entire economy is worth.

Source: CBC News June 14, 2016 13:38 UTC