Chart of the Day: Canada Loads Up on Private Debt
Canada is a new leader in corporate and personal debt.
November 8, 2017
Canada’s private debt now stands at 218% of GDP compared to 168% in 2008, meaning we’re accumulating debt at a faster pace than ever before.
With rates on the rise, the risks to the Canadian economy are clear: even a slight slowdown in private debt growth could have immediate and outsized impacts on the economy and asset markets.