Respondents also said economic uncertainty makes planning difficult
Mortgage growth slowed but household credit card use is surging
TD expects the debt service ratio to hit a record high of 16.1% by the first quarter of 2024
There was $1.83 in credit market debt for every dollar of household disposable income
The adjustment comes as the economic risk profile has changed considerably this year
The impact of rate hikes could be more visible by this time next year
Deteriorating economic, financial conditions could amplify financial sector stress
Many businesses struggling to repay debt accumulated during Covid-19, CFIB says
Canada among economies most at risk from housing market weakness
Sharp drop in leveraged finance activity to reduce firms' cash cushions