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Canadians are just $200 away from being overwhelmed by debt, new survey finds

Link: Canadians are just $200 away from being overwhelmed by debt, new survey finds

Quote: “I’m sure there are many households on the edge. It’s not new, but if you look at the debt-service ratios, they have been grinding up, too,” said Doug Porter, chief economist with Bank of Montreal, referring to the amount of money relative to income needed to cover principal and interest costs. “The concern is obviously if we did get a sustained increase in interest rates.”