13 December 2011

Canadians are deeper in debt, but is it a bad debt?

Latest report from Statistics Canada shows that we are deeper in debt,
but our question is: “Is it a bad debt?” According to the agency, an
average household debt in Canada showed another record high -153% of
disposable income in the third quarter. Meanwhile, many analysts suggest
that we shouldn’t take this information in such a negative way.
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