Month: February 2014

Our household debt levels & our devalued loonie

Our plunging dollar makes it official. Foreign investors are selling their holdings in Canada because they see better opportunities elsewhere. It’s not all esoteric Bay Street & Wall Street bankers, hedge funds and high finance in play here. The habits of everyday Canadians play a role, too. Foreign investors used to look at Canada and…

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The fairy tale of Canadian fiscal prudence

With household debt at 17 trillion, a savings rate at a fraction of what it was 30 years ago, and waves of warnings from international banks and Nobel-winning economists about our debt-fuelled housing market, any pretense to Canadian fiscal prudence is relegated to the land of folk-lore and fairy tales. Canadians have stopped worrying about…

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