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Podcast: DebtMatters Podcast
Episode: 55 - Canada’s Economy and Household Debt: How Much Is Too Much Debt?
Description: Low interest rates and the promise of riches from rising home prices could be linked to Canadians ever increasing debt load. The latest figures from StatsCan revealed that Canadians owe $1.83 in consumer debt for every dollar of income they have. So, how well are you managing your debt? How much is too much? Licensed Insolvency Trustee, Leigh Taylor, discusses household debt. He talks about debt-to-income ratios and the danger signals that you should watch for.Along with those important topics, Leigh also covers:The cost of servicing the debt you carryHow government subsidies caused the inflation...