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.

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