Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Canada
CRDQCAAHUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,071.13
Year-over-Year Change
14.74%
Date Range
1/1/1969 - 10/1/2024
Summary
This economic trend measures the total credit extended to Canadian households and non-profit institutions serving households, unadjusted for statistical breaks. It provides insight into the overall credit conditions and financing environment for Canadian consumers and the non-profit sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Credit to Households and Non-Profit Institutions Serving Households metric tracks the total outstanding credit held by these entities in Canada. It is a key indicator of consumer and non-profit access to financing, which can inform policymakers and analysts about the state of the Canadian credit market and financial system.
Methodology
The data is collected and calculated by the Bank of Canada based on financial reporting from domestic lenders.
Historical Context
This trend is closely watched by economists, regulators, and market participants to assess the health of Canadian household finances and credit conditions.
Key Facts
- Credit to Canadian households reached a record high in 2022.
- Non-profit institutions account for around 5% of total credit in Canada.
- Household credit growth has outpaced GDP growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding credit extended to Canadian households and non-profit institutions serving households, providing insight into consumer and non-profit access to financing.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, regulators, and market participants to assess the health of Canadian household finances and overall credit conditions in the country.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Canada based on financial reporting from domestic lenders.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the state of the Canadian credit market and financial system, which can inform decisions around monetary policy, financial stability, and consumer protection.
Q: Are there update delays or limitations?
A: The data is published by the Bank of Canada with minimal delays, but may be subject to revisions and statistical breaks over time.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Canada (CRDQCAAHUBIS), retrieved from FRED.