These charts from TD Securities capture the problem with Canadian households as we head into the next global recession: individuals have more debt than ever, and especially older Canadians who are supposed to be debt free by 50+.
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I appreciate seeing your quatification of a trend that I had sensed occurring over the past 25 or so years of a 50 year medical practice life, from which I just retired.
With apologies to Newton, I think we all know what can happen to a trend in motion.
Thank you.