Tuesday, April 23, 2019

Debt-laden Canadians

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Debt-laden Canadians (Link)
Household debt in Canada has reached levels that could be qualified as excessive. Canadians owe C$2.16 trillion which as a share of gross domestic product, is the highest debt load in the G7.
Canada's personal savings rate is near its lowest in recorded history

The Canadian mutual fund industry experienced its weakest RRSP season in 10 Years
Over the first three months of 2019, the Canadian mutual fund industry captured net sales of $5.9 billion, down significantly from net sales of $17.6 billion during the 2018 RRSP season.