credit and debt
DEBT IS GROWING, BUT THE COST OF SERVICING IT REMAINS LOW ›
% BELOW PEAK % ABOVE TROUGH
16.00%
14.95
14.51
14.00%
12.00%
11.22
10.64
10.00%
% BELOW PEAK % ABOVE TROUGH
8.00%
7.59
7.22 7.29
6.00%
6.39
% BELOW PEAK % ABOVE TROUGH
4.00%
2.00%
1.50
1.13
0.00%
Q1 1990 - Q3 2018
NON MORTGAGE DEBT
MORTGAGE DEBT
TOTAL DEBT
BOC TARGET RATE
SOURCE: NATIONAL BALANCE SHEET ACCOUNTS, STATISTICS CANADA & BANK OF CANADA DATA: TOTAL DEBT SERVICE RATIOS IN CANADA
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