Tag Archives: Canada’s debt

Canada’s household debt...is spiraling out of control. Its debt load is the highest of the seven leading economic countries. The debt-to-income ratio is 174% with the average household carrying a debt of more than $22,000.

Canada has the unpleasant distinction of having the highest debt of any country in the world and these debts have come home to roost. It’s now time to pay the piper. They need to change their lifestyle or face unpleasant consequences.