Plus, the interest portion of Canadian debt payments hits a record
. Canada’s household debt burden – the ratio of credit market debt to disposable income – rose to 183.3 per cent in the third quarter, from 182.6 per cent in the second quarter. The ratio is nearing the record high set in 2018: 185 per cent. Meanwhile, Canada’s household net worth – the value of all assets minus liabilities – fell by around $330-billion during the third quarter, after a record quarterly decline of more than $930-billion between April and June.
An Ontario judge ruled this week that three former high-ranking officials from CannTrust Holdings Inc.brought against them by Ontario’s securities regulator, bringing an abrupt and final close to a trial that ended almost as soon as it began.
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