Saskatchewan retailers saw another record month of sales, notes a press release issued by the Saskatchewan government Nov. 22, quoting a report released by Statistics Canada that saw “retail sales rising 6.4 per cent in September of 2012 over last September,” and observing that it was “the second highest percentage increase among the provinces.”
At the same time, Statistics Canada reports that for the second quarter of 2012, Canadian household net worth increased by 0.9%, primarily resulting from a 2.2% rise in the value of residential real estate. However, the value of household net financial assets declined in the second quarter, mainly because of a 5% decline in the value of listed shares.
Growth in household credit market debt continued in the second quarter, increasing 1.8% from the previous quarter, mainly attributable to increases in consumer credit and mortgages.
The household credit market debt to disposable income ratio was 163.4%, up from 161.8% in the previous quarter, compared to 2011’s 161.7 per cent, thus reaching its highest level on record.