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Canada's Household Debt 100% Of GDP

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https://www.google.ca/amp/business.financialpost.com/personal-finance/debt/canadian-household-debt-hits-1-8t-as-report-warns-of-domestic-risk/amp

 

Canada's Household Debt to GDP is almost 100% meaning household debt is almost as high as the Nation's $2 Trillion annual economic output 

 

Recently Canada & China were also flagged as the 2 Countries most at risk of a financial meltdown due to very high debt levels although in China the situation is improving. 

 

Consumer debt is also at close to 170% of annual income (In USA it peaked at 134% before the crisis)

 

Unaffordable home prices are still largely to blame. Adding to fuel to the fire some Canadians continue to refinance equity to spend money on other things

Edited by Economy
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jesse_batista

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