June 14, 2017 / 12:44 PM / in a year

Canada household debt-to-income ratio dips in first quarter

(Reuters) - The ratio of Canadian household debt-to-income fell slightly to 166.9 percent in the first quarter from a record high 167.2 percent in the fourth quarter, Statistics Canada said on Wednesday.

National net worth grew 2.6 percent in the first quarter to C$10.51 trillion ($7.96 trillion) on stronger residential real estate and natural resources, and a gain in Canada’s net international investment position.

Reporting by Dale Smith; Editing by David Ljunggren

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