Long before this pandemic, alarm bells were ringing about the amount of household debt Canadians are carrying. Now, the financial stress for many is through the roof. Some aren’t earning at all, many are earning less, and millions are getting emergency benefits from the government. What happens when all that ends? David Akin explores that for us. Also, Dawna Friesen speaks with personal finance expert Preet Banerjee about the dangerous tipping point Canada is facing.
- Canadians’ household debt now 177% of disposable income
- ANALYSIS: A looming coronavirus debt crisis could swamp Canadian households