Total Credit to Households and NPISHs, Adjusted for Breaks, for Canada
QCAHAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
-5.21%
Date Range
1/1/1969 - 10/1/2024
Summary
The Total Credit to Households and NPISHs, Adjusted for Breaks, for Canada measures the total credit extended to Canadian households and non-profit institutions serving households. This metric provides insight into household and consumer credit conditions.
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
This economic indicator tracks the total credit, including loans and debt securities, held by Canadian households and non-profit institutions serving households (NPISHs). It is a valuable gauge of consumer credit trends and financial stability within the Canadian economy.
Methodology
The data is collected and calculated by the Bank of Canada.
Historical Context
Policymakers and analysts use this metric to assess household debt levels and evaluate the effectiveness of monetary and financial policies.
Key Facts
- Credit to Canadian households reached a record high in 2022.
- Household debt levels in Canada are among the highest in the developed world.
- Rising interest rates can impact the ability of Canadian households to service their debt.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit, including loans and debt securities, held by Canadian households and non-profit institutions serving households (NPISHs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer credit conditions and household debt levels in Canada, which are important indicators of financial stability and the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess household debt levels and evaluate the effectiveness of monetary and financial policies in Canada.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bank of Canada, with occasional revisions and adjustments for breaks in the series.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Canada (QCAHAM770A), retrieved from FRED.