Scotiabank Risk Overview
Canada: Household Finances
30
25
20
22
Household Savings Ratio Converging
to Pre-Pandemic Average
% of disposable income, SAAR
Household Credit-Market Debt Above Pre-Pandemic
200
% of disposable income, SAAR
180
160
15
15
10
5
0
чили
-5
92 94 96 98
00 02 04 06 08 10
12
14
16
18 20
Sources: Scotiabank Economics, Statistics Canada.
140
120
100
80
Adjusted Canadian
Official U.S.
-----Official Canadian
92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22
Sources: Scotiabank Economics, Statistics Canada, BEA, Federal Reserve Board.
60
22
22
Ratio of Household Assets to Liabilities Falling
750
%
700
650
600
550
116
14
Canada
12
Household Debt-Service Ratios Tempered
% of disposable income, SAAR
10
8
6
Debt service ratio
(interest only)
Debt service ratio
(principal and
interest)
500
U.S.
4
450
Debt service ratio
(principal only)
2
400
350
92 94 96 98
92 94 96 98 00 02 04 06
08
10
12
14
16
18 20 22
22
00 02 04
Sources: Scotiabank Economics, Statistics Canada.
06
08 10
12
14
16
18
20 22
Sources: Statistics Canada, Federal Reserve Board.
72
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