UPDATE 2-Canada household debt-to-income ratio hits record high
* Ratio grows by around half the rate of 2nd quarter
* National net worth grows by 2.1 percent
* Bank of Canada fretting about personal debt levels
By David Ljunggren
OTTAWA, Dec 13 (Reuters) - The ratio of Canadian household debt to income edged up to a record high in the third quarter but the pace of growth almost halved, which might calm policymakers fretting about high personal debt levels.
The ratio hit 163.7 percent in the third quarter from 163.1 percent in the second quarter, Statistics Canada said on Friday. The ratio increased by 0.34 percent from the second quarter after advancing by 0.65 percent in the second quarter over the first.
The Bank of Canada - which has regularly warned Canadians not to take on too much debt at a time when interest rates are near record lows - has said it sees signs consumers are starting to retrench.
Bank of Canada Governor Stephen Poloz said on Thursday he expected imbalances, including rising household indebtedness, to stabilize and then gradually unwind in coming years.
Analysts noted that the second and third quarters of the year are typically peak times for buying property. Continued...