Tag Archive: debt


Watch the Bouncing Consumer Debt Ball

Canada’s debt situation appears to be getting better…if you just look at mortgages. But something sinister lurks beneath the surface. And it’s made of plastic. Indebtedness has been outgrowing incomes in this country, despite stringent new mortgage restrictions.┬áCanadians now owe $1.78 in credit market debt for every dollar of household disposable income, just under the record high. And we keep...