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Canadians are borrowing less and getting paid more amid higher interest rates - National

Growth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.

Tiff macklemShelly kaushikMaria solovievaTd bankStatistics canadaBusiness newsEquifax canadaInterest rateBank of canadaBank of canada interest rateCanada debtAnada interets rateAnadian loansDebt servicing costsDebt to income ratioSpending power

Canadians are borrowing less and getting paid more amid higher interest rates

Growth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.

Shelly kaushikMaria solovievaTd bankStatistics canadaEquifax canadaBank of canadaBank of canada interest rateCanada debtAnada interets rateAnadian loansDebt servicing costsDebt to income ratioInterest rateSpending powerStatistics canada

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