Toronto And Vancouver’s Lowest Earners Are Canada’s Most Indebted People By Far: StatCan

By Daniel Tencer

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STAS_V VIA GETTY IMAGES

The risks associated with Canada's long-running consumer debt binge are falling most heavily on the shoulders of the people who can least afford it, new data from Statistics Canada shows.

In a study on the debt and wealth of Canadian households, the agency found that the lowest income quintile in Toronto and Vancouver — meaning the one-fifth of households with the lowest earnings — have by far the heaviest debt loads of any people in the country.

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