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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Canadian household credit market debt on a seasonally adjusted basis increased almost 3pps to 184.5% of disposable income for back near the 3Q22 high of 184.7%, partly on disposable incomes falling 1% from Q4.
- The increase in seasonally adjusted debt came despite the smallest seasonally adjusted level of quarterly borrowing since 2003 (outside of 2Q20). Within that, there was the lowest quarter of mortgage borrowing in the last 20 years, a second quarter of moderation after record borrowing in 2021-22 as higher rates continue to bite.
- Putting in perspective though, household net worth is still orders of magnitude higher at 1001.6% after three quarterly declines. From the release: “Household wealth was bolstered by the dual tailwinds of stronger equity and real estate markets despite continued financial market volatility and higher interest rates.”
Household credit market debt, seasonally adjusted flowsSource: StatsCan
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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