Congrats Canada We Did It: Canadian household debt-to-income ratio rises in Q2

Canadian household debt-to-income ratio rises in Q2
| bnnbloomberg.ca

We did it Canada, sound the trumpets, the Canada economy is recession proof as long as we continue to lower interest rates and print money the financial Gods will save us from economic destruction. inflation is a good thing and the cost of living increasing is natural and is the goal of the central banks so accept it, fractional reserve banking, low interest rates, increasing consumer debt and cheaper money from the bank of Canada, while savings are on the decline, what could go wrong? Look CMHC came out with a loan that allows broke Canadians to borrow money from the government to pay for an inflated mortgage CMHC and The BoC helped to create. See it’s a win, win

Total credit market debt amounted to $2.25 trillion in the second quarter including nearly $1.47 trillion in mortgage debt and $782.9 billion in consumer credit and non-mortgage loans.

interesting times ahead!