Canadians now owe 171 for every 1 of disposable income they earn

OTTAWA — The amount Canadians owe relative to their income hit another new high in the third quarter.Statistics Canada says household credit market debt as a proportion of household disposable income increased to 171.1 per cent, up from 170.1 per cent in the second quarter.That means there was $1.71 in credit market debt, which includes consumer credit and mortgage and non-mortgage loans, for every dollar of household disposable income.Canada’s housing risks haven’t gone away — they’ve just moved to the shadowsHaider-Moranis Bulletin: Canadians’ addiction to debt adds risk to real estate marketThe household debt service ratio, measured as total obligated payments of principal and interest as a proportion of household disposable income, was relatively flat at 13.9 per cent, while the interest-only debt service ratio was 6.3 per cent, down from 6.4 per cent in the previous quarter.Meanwhile, the total net worth of the household sector edged down 0.1 per cent to $10.61 trillion in the third quarter.The move lower was due to a drop in home values as housing resale prices weakened. The value of household financial assets edged up 0.1 per cent. read more

Veszprem beat PICK Szeged in Hungarian derby

The one of the powerhouses of European handball – MKB MVM Veszprem won the Hungarian derby against PICK Szeged 29:24 (14:12). The TOP scorer of the winning squad was Serbian left back Momir Ilic who netted 11 goals, while Christian Zeitz added only one less (10). The away team from Szeged had the most efficient players – lefthanders Ancsin and Prodanovic with 5 goals each.MKB-MVM Veszprém – MOL-Pick Szeged 29:24 (14:12)MKB-MVM Veszprém: Mikler, Alilovic – Gulyás, Iváncsik 1, Schuch, Ruesga, Ilic 11 (5), Nilsson, Zeitz 10, Ugalde 2, Marguc, Chema 3, Terzic, Sulic 1, Lékai 1MOL-Pick Szeged: Wyszomirski, Sierra – Vadkerti 2, Robledo 1, Zubai 1, Ilyés, Balogh 2, Blazevic, Prodanovic 5 (1), Stojanovic, Bombac 3, Parrondo 3 (3), Vranjes 2, Ancsin 5 Szegedveszprem ← Previous Story Women’s EHF CL: Vardar with +6 to Gyor Next Story → HCM Minaur Baia Mare win Romanian Cup after 16 years! read more