UPDATE 1-Canada debt-to-income edges down in first quarter

June 14, 2016 1:15 PM

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OTTAWA, June 14 Canadian household debt as a percentage of income edged lower in the first quarter but remained high as consumers continued to borrow, data from Statistics Canada showed on Tuesday.

Households held C$1.65 in debt for every Canadian dollar of disposable income. The ratio of household credit market debt to income of 165.3 percent was down from the fourth quarter's record of 165.4 percent.

Also read: U.S. state, local tax revenue up 5.8 percent in first quarter: Census

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