OTTAWA — Restaurateurs have been fighting for their share of the consumer’s shrinking dollar since the recession hit, but, according to Statistics Canada, disposable income is on the decline in the country.
The ratio of debt to personal disposable income rose in Q3 by more than two per cent, according to StatsCan, as reported by The Globe and Mail.
“Per capita household net worth declined to $180,100 in the third quarter from $184,700 in the second quarter,” reads the Statistics Canada report, as cited by The Globe. “This marked the sharpest quarterly reduction in stock prices and per capita household net worth since the fourth quarter of 2008.”
For more on the Canadian consumer’s disposable income, visit globeandmail.com.
