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RE: Canadians Have the MOST DEBT In the World! Why Middle Class Canada Will Face MASS BANKRUPTCY!
I see this every day. In Toronto there is a major euphoria about real estate. It will never go down! Just a little bump in the road. Have no fear!
Do you believe that interest rates will rise, even a bit more? If so, will that have an impact on the economy?
Wow, I had no idea the level of debt in Canada was that crazy! What goes up, must come down... The euphoria can't last forever.
In my opinion, even a slight raise in interest rates, will have a big impact on the economy.