The Canadian economy may be slowing, but the debt is rising very quickly. Bank of Canada (BoC) data shows the ratio of household debt to gross domestic product (GDP) increased sharply in Q2 2020. The trend of household debt growing faster than GDP has persisted for years, but made a sharp increase in Q1. Researchers […]
The post Canadian Household Debt Reaches 115% of GDP, Here’s Why That’s Bad appeared first on Better Dwelling.