The season finale of the popular U.S. drama Breaking Bad brought with it renewed interest in a viral internet meme that implicitly suggested that the entire story might not have taken place had the main character, Walter White, lived in Canada. The meme suggests that within minutes of being diagnosed with cancer, Walt's "free" treatments would begin the very next week.
Over the course of the past several months, outgoing Bank of Canada Governor Mark Carney and Federal Finance Minister Jim Flaherty have repeatedly warned that Canadians are spending beyond their means and taking on too much debt.
A concern of the Bank of Canada...has been the pace of growth of household debt Carney recently noted. Minister Flaherty added, While interest rates are currently low by historical standards, eventually they will rise. Canadians should . understand this when taking on significant debt