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Home/ Fall 2012 Challenges Assignment/ Contents contributed and discussions participated by Dyena Huynh

Contents contributed and discussions participated by Dyena Huynh

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Study: Canadian consumer debt hits $26,768, highest in two years - 1 views

  • Canadian consumer debt grew at the fastest pace since the fourth quarter of 2010
  • Bank of Canada Governor Mark Carney has been warning households of its growing debt rate and officials are continuing to caution that household spending levels are starting to get out of control.
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    1. Why do think consumer debt increased so much? 2. They say that getting consumers to spend more will help boost the economy, but is it beneficial when consumers are going into debt?
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