Elbows-Up Economics

Equifax Inc. said in its consumer credit report that debt among Canadian consumers is up 4.18 per cent in the quarter from the year before to $2.68 trillion and up 1.3 per cent from the first quarter.

TransUnion said Canadian consumer debt hit a record $2.64 trillion in the second quarter, with debt levels growing faster than the number of Canadians using credit as existing borrowers carried larger balances than a year earlier.

“There seems to be a significant amount of uncertainty in the current environment and we need to be aware of the impact that any additional economic pressures could have on this particular consumer group,” said Rebecca Oakes, vice-president of advanced analytics at Equifax Canada.

Consumer debt hits record $2.6 trillion as more Canadians fall behind on payments

I identify as a pre-Justin Trudeau Canadian.

We are pathetic for letting our own government destroy the country. I know it is hard for those suffering from Trump Derangement Syndrome to accept the fact our downfall started long before Trump entered the picture but it is the truth. 

Canada is literally the laughing stock of the world.  The funniest part is that we have everything the world demands but we are either too weak to stand up against a borderline communist government that restricts our rights and prosperity or too stupid to realize what is taking place.  So while Carney rushes to attend European Parliament rather than open our own after announcing we are at war with the U.S., Canadians cheer on the loser for destroying our country even more.  How does this make sense? I truly hope Canadians are not this dumb.

Nominal GDP Per Capita proves how pathetic we have become under the Liberals.  As soon as Trudeau entered the picture our economy headed south in more ways than one.

He and his wife live in the US. His kids study in the US. And 97% of his investments are in the US.  What is good for Carney, is good for Canada.  #51st!!!!!