Bankruptcies SURGE as Debt Soars To RECORD HIGH! Bank of Canada Warns.

in #dtube5 years ago


Canada is in the most debt ever in history. There has never been a time in which Canadians have accumulated this much mortgage, credit card, auto loans, personal line of credit, and every other form of debt ever. It’s the party that never stops. No need to worry because as long as real estate increases in value forever, our homes can remain our ATM. Uh oh...

Canadian bankruptcies surge as rising rates hit indebted consumers
https://outline.com/EGqg9g
As bankruptcies edge up, Poloz personally responds to Canadians' concerns | CTV News
https://www.ctvnews.ca/canada/as-bankruptcies-edge-up-poloz-personally-responds-to-canadians-concerns-1.4249320
More people are going broke in Canada as interest rates rise - BNN Bloomberg
https://www.bnnbloomberg.ca/more-people-are-going-broke-in-canada-as-interest-rates-rise-1.1194883
bc-more-people-are-going-broke-in-canada-as-interest-rates-rise.png (1200×768)

Toronto, Vancouver Housing Sales Plummet to Decade-Lows in 2018 - Bloomberg
https://www.bloomberg.com/news/articles/2019-01-04/toronto-vancouver-housing-sales-plummet-to-decade-lows-in-2018?utm_source=twitter&utm_content=canada&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-canada&utm_medium=social
Scott Barlow on Twitter: "ML: " Earnings revisions weakened across nearly all sectors (except Utilities); the sales forecast revision ratio also weakened"… https://t.co/T23ma6tnzt"
https://twitter.com/SBarlow_ROB/status/1082277138261262336
Canada among three economies in world most at risk of banking crisis, BIS warns | Financial Post
https://business.financialpost.com/news/economy/china-banking-crisis-warning-signal-still-flashing-bis-says-1
Canadian household debt hits $1.8-trillion as report warns of domestic risk - The Globe and Mail
https://www.theglobeandmail.com/report-on-business/economy/canadian-household-debt-hits-18-trillion-as-report-warns-of-domestic-risk/article38275250/
Research: Announcement: Moody's: Canadian banks face risk from rising consumer debt vulnerability - Moody's
https://www.moodys.com/research/Moodys-Canadian-banks-face-risk-from-rising-consumer-debt-vulnerability--PR_380678
Canada S&P/TSX Toronto Stock Market Index | 2019 | Data | Chart | Calendar
https://tradingeconomics.com/canada/stock-market


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I was very surprised to see the situation in Canada, it seems people have been living beyond their means for quite a long time but haven't had to face the consequences as the economy has managed to mask some of the cracks. It seems as if those times are fading however.

The cracks in the foundation are there . Sheeple just need to look , but they can’t , because if they really knew , then it would kill’em . I mean people would have a heart attack right there on the spot and die of a broken heart 💔 when they find out the truth .

Your videos all say bad gateway...except for new ones

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