interest rates

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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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In 2016-17, the deficit was $0.991 billion but $6.276 billion was added to the net debt.


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In countries whose currencies have risen against the U.S. dollar, there’s “flow-through deflation” as imports get cheaper.


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In three of the world’s richest countries, average real wages are lower today than they were in 2010.


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The lowest interest rates since the 1960s have led governments to believe that they can run deficits and still be fiscally responsible.

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Encouraging home ownership may deter the labour mobility vital for a dynamic economy.