Bank of Canada governor Mark Carney has been warning about the high level of consumer debt in Canada since 2011, and this advice has been largely ignored.
Canadian consumers’ debt levels today are by any measure higher than they have ever been. The irony is that we are on the cusp of the second phase of the financial crisis that began in 2008 and, this time, Canadians are more vulnerable than Americans or even the Europeans.
We knew the cause of this financial crisis when it arrived in 2008. The previous 20 years, consumers in the western world had embarked on a spending binge financed by debt. [more at the source] www.calgaryherald.com. Earlier related: Save up for hard times, financial advisor warns
Ismailimail 
Anil is a great asset to Calgary. Advises quite few people and it is always valid and good. We are proud to have him here. Listen to him please.
LikeLike