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02-05-2013, 03:02 AM
  #23
OthmarAmmann
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Join Date: Jul 2010
Location: NYC
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Didn't read the article, but part of the driver in Canada has been a boom in personal debt and associated consumption. Personal debt levels inCanada have hit record levels and are in fact higher than they were in America prior to the crash.

It's gotten so high that the major Canadian banks credit ratings were just cut on fears of bad debt.

http://www.theglobeandmail.com/globe...rticle7910438/


Last edited by OthmarAmmann: 02-05-2013 at 03:08 AM.
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