![Rich getting richer, StatCan finds](https://cdn.magzter.com/1704825715/1718348992/articles/9bYaWgzZo1718356838780/RICH-GETTING-RICHER-STATCAN-FINDS.jpg)
The household debt-to-income ratio in the first quarter of 2024 was down to 176.4 per cent, the lowest level seen since the first quarter of 2021.
Canadian households were wealthier on average in the first quarter of 2024, according to Statistics Canada — but that doesn’t mean all Canadians became richer.
Net worth, or the value of all assets minus debt, climbed by $548.2 billion, about three per cent, to $16.9 trillion, driven by strong equity markets and a rebound in home values.
Overall, the value of residential real estate rose $213 billion in the first quarter after two consecutive declines in the second half of last year. Meanwhile, investors reaped gains from stock markets, as the S&P 500 Index was up by 10.2 per cent in the quarter, while the S&P/TSX Composite Index rose 5.8 per cent.
Esta historia es de la edición June 14, 2024 de Toronto Star.
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Esta historia es de la edición June 14, 2024 de Toronto Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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Spain's Yamal looks to roast the hosts
Germans hope to challenge exciting Barcelona teen
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Blue-line blue-chippers
Leats have three interesting prospects in Danford, Webber and Johansson
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Nembhard provides backcourt depth
Canadian guard will help keep Gilgeous-Alexander, Murray fresh in Paris
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Running it back more common than not
A good rule for life is to be suspicious of catch phrases and clichés.
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On P.E.I., Anne's reign is inescapable
It is all Anne all the time on Prince Edward Island. And it was about to be that much more when the Royal Canadian Mint rolled out a new $1 coin paying homage to Lucy Maud Montgomery, the most storied Canadian author of all, to mark her 150th birthday.
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'SEVEN SAMURAI AT 70: Kurosawa's epic still moves like nothing else
NEW YORK Akira Kurosawa’s “Seven Samurai” is celebrating its 70th anniversary this year. But despite its age, the vitality and fleetfooted movement of Kurosawa’s epic is still breathtaking.
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This cement plant doesn't just capture carbon, it sells it
The promise of carbon capture — that you can grab climate-changing emissions out of the air and shoot them underground or put them to use — has always exceeded the reality.
AI poses growing risk to democracy
On Nov. 30, 2022, San Franciscobased OpenAI released ChatGPT, a chatbot capable of generating text almost indistinguishable from that written by a human. It wasn’t perfect — the bot had a tendency to “hallucinate facts” — but still prompted journalists to wonder whether the bot might eventually take their jobs.
Levy brings reprisal fears
U.S. has threatened to respond to a new tax imposed on big tech firms
Israel approves new homes for West Bank settlements
JERUSALEM The Israeli government has approved plans to build nearly 5,300 new homes in settlements in the occupied West Bank, a monitoring group said Thursday, the latest in a campaign to accelerate settlement expansion, aimed at cementing Israeli control over the territory and preventing the establishment of a future Palestinian state.