Article content

OTTAWA — Canadian household debt as a share of income rose to a fresh record in the fourth quarter, data from Statistics Canada showed on Wednesday in a report likely to underscore concerns consumers are becoming overly indebted.

The ratio of debt to disposable income rose to 167.3 per cent from an adjusted 166.8 per cent in the third quarter. That meant Canadians owed $1.67 for every dollar of disposable income.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Household debt hits fresh record, with Canadians owing $2 trillion by the end of 2016 Back to video

Total household credit market debt, which includes consumer credit, and mortgage and non-mortgage loans, totalled nearly $2.029 trillion in the final quarter of last year.

Mortgages made up $18.9 billion of this, an increase of $1.2 billion, while consumer credit and non-mortgage loans were up $8.5 billion at $9.5 billion.