Canada’s Debt Problem Will Create the Worst Crisis In A Lifetime.

Canadians who took on way too much debt will suffer the consequences.

Canadians love debt. Some love it more than others but it’s certainly a trend. Drive down the busy roads and find every luxury car you can imagine. Drive through the neighbourhoods and see constant massive renovations, new homes being built, and what seems to be an endless supply of wealth. Only one problem: It’s all being bought with one form of debt or another. There’s no possible way that this will stop unless it collapses everything. This is going to be a bumpy ride.

Canadians say paying down debt is top priority in 2019: Poll – BNN Bloomberg

https://www.bnnbloomberg.ca/canadians-say-paying-down-debt-is-top-priority-in-2019-poll-1.1188243

December losses cap worst year since 2012 for Canadian home sales – BNN Bloomberg

https://www.bnnbloomberg.ca/december-losses-cap-worst-year-since-2012-for-canadian-home-sales-1.1198552

canada-s-hot-housing-cools.png (1200×733)

https://www.bnnbloomberg.ca/polopoly_fs/1.1198693!/fileimage/httpImage/image.png_gen/derivatives/default/canada-s-hot-housing-cools.png

GM reaffirms Oshawa closure after meetings with Bains, Ford – BNN Bloomberg

https://www.bnnbloomberg.ca/gm-reaffirms-oshawa-closure-after-meetings-with-bains-ford-1.1198632

One quarter of Canadian HELOC users pay interest only: Survey – BNN Bloomberg

https://www.bnnbloomberg.ca/one-quarter-of-canadian-heloc-users-pay-interest-only-survey-1.1198514

More Canadians ‘use their homes as ATMs’: Consumer agency – BNN Bloomberg

https://www.bnnbloomberg.ca/more-canadians-use-their-homes-as-atms-consumer-agency-1.772835