Credit cards are displayed in Montreal in a file photo. Ryan Remiorz /The Canadian Press
The level of debt that Canadians owe in relation to their income rose in the second quarter, as the increase in debt outpaced income growth, new data from Statistics Canada suggests.
The proportion of household credit market debt relative to disposable income increased to 174.9 percent on a seasonally adjusted basis, marking an increase of 1.1 percent, StatCan reported this week.
