household debt

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The Canadian economy at the precipice

Household debt as a share of GDP is at a virtual all-time high.

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Household assets have increased from $2 trillion in 1990 to $12 trillion last year.

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Over the past 26 years, government-sector debt in Canada has grown to more than $2.5 trillion.

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Interest payments on household debt consume 6 per cent of disposable income compared to almost 11 per cent in 1990.

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Over the next five years, the federal government will add at least $113 billion in new debt with no plan for a balanced budget.