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November 28, 2017 | Next Biggest Loser…Canadian Households Most Debt-Heavy in the World

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Time to get some financial consulting from those who are not paid to sell us debt and risk.  Listening to the banks/broker/dealers/auto sellers has dug undisciplined households a very deep hole.  Debt weight will continue to hold back our economy, savings and investment until it is paid down and written off over the coming years and months.  In a heavily indebted world, Canada is leading the pack in terms of  household debt to GDP.  Nothing to be proud of here.  This data is to the end of Q4 last year, debt has climbed further in 2017.

House prices. Home ownership. Household debt. The economy. Bubble denial. Why Canadian real estate makes the U.S. housing bubble peak in 2006 look tame.  Here is a direct audio link.

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November 28th, 2017

Posted In: Juggling Dynamite

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