The 10 Minute Take - How Indebted Are Canadians And Is It A Problem?

September 20, 2023 | Brian Moore


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Macroeconomics for everybody! The (new) 10-Minute Take podcast from RBC Economics will explain (in simple terms) what the latest economic data means and why you should care.

RBC Economics 10 Minute Take

While Americans are still spending, Canadians are tightening their belts. And the U.S. economy continues to surge while Canada’s shows early signs of weakness. Why? Debt levels and faster refinancing! In this episode of the 10-Minute Take, RBC economists Claire Fan and Carrie Freestone explain how debt impacts Canadian consumer behaviour, which age cohorts are most impacted–and just how worried we should be about it all. Tune in!

 

Click here for the full podcast; The 10 Minute Take.