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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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Daily Archives: January 21, 2020
MNP: half of Canadians on verge on insolvency
Canada was relatively sheltered in the 2008 recession thanks to higher home equity and lower household debt heading into the downturn. Not this cycle. And unlike the quick central bank induced bounce back in 2009, the current quagmire is likely … Continue reading
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