Watch video Canadian debt no crisis: Flaherty Add to ... The Globe and Mail Published Monday, Dec. 13, 2010 5:59PM EST Last updated Tuesday, Dec. 14, 2010 7:49AM EST Canadians have surpassed Americans in being the most indebted, according to Statistics Canada figures. But Finance Minister Jim Flaherty says he doesn't see a crisis in household debt levels yet Watch More Video: Asia tries out second-hand luxury retail Old risk, new reward for European firms Canada posts a record trade deficit of $3.41-billion in March Smart ways to use your tax refund SocGen trims costs as profit surprises More spending cuts at Shell after BG deal Barbie's modesty makeover Takata facing massive air bag recall? WestJet CEO on tough economic times in Western Canada 'A bigger wedding will not make you more married': Tips to keep wedding costs down The difference between strategy and leadership CWB warning 'gentle reminder' about energy exposure Market Call Tonight: Top Picks from Industrial Alliance's John DeGoey Canadian dollar strength: Can it continue? Australia joins global rates easing party Euro zone growth to slow this year What's up with WhatsApp in Brazil? Profit pain for more European banks Encana continues cost cutting as it waits for oil prices to turn around Custom Jeeps for Dubai's desert racers Comments AA More Related to this Story Canadians' debt-to-income ratio now higher than Americans'