Watch video Canadian debt no crisis: Flaherty Add to ... The Globe and Mail Published Monday, Dec. 13 2010, 5:59 PM EST Last updated Tuesday, Dec. 14 2010, 7:49 AM 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: What we own, and what we owe: How Canadian households measure up Market Call Tonight: Top picks from CastleMoore’s Hap Sneddon Tesla wants to power homes with its batteries Say on pay – Why shareholders are so angry How should you spend your tax refund? Lexus' shock therapy sees 'ugly' sell Hulu's 'Seinfeld' deal: It’s about much more than nothing Can rising profit help VW move on? Privacy by design: The competitive edge big business misses When is it too late to buy a first home? Video: Emergency departments a study in teamwork Slowing U.K. recovery is election issue No Greek tears over 'rock star' minister The food revolt: Why GMO now means Get this Muck Out What's wrong with Deutsche Bank's plan? Sobeys boosts East Coast footprint with Co-op deal HSBC mulls move back home Tips for Gen Y on saving for a house down payment Som Seif on the outlook for oil and a strategy for investors Comcast-Time Warner Cable $45-billion deal dies Comments AA More Related to this Story Canadians' debt-to-income ratio now higher than Americans'