Uploaded May 2019 | Updated September 2026, 3 days ago
Speaking at the Chamber of Commerce in Yellowknife, Stephen Poloz, Governor of the Bank of Canada stated it succinctly, "For most Canadians debt is a fact of life, at least at some point" ("Canada's Economy and Household Debt: How Big Is the Problem?" BankofCanada.ca, May 1, 2018). Canadian household debt has surpassed $2 trillion. That's more than $54,000 per person. This is Canada's Personal Debt Crisis.
Highlights:
0:30 - How big is the personal debt crisis?
1:27 - How does this relate to me?
3:15 - Breaking free from debt
Additional Resources:
Tomorrow`s World Telecast "Why Economies Fail": youtube.com/watch?v=PoHnIp1if3E
----------
tomorrowsworld.org
Viewpoint Archives - lcgCanada.org/viewpoint-archive.php
Subscribe here:
youtube.com/tomorrowsworldviewpoint
#greedy,#debtsnowball,#moneymatters
Speaking at the Chamber of Commerce in Yellowknife, Stephen Poloz, Governor of the Bank of Canada stated it succinctly, "For most Canadians debt is a fact of life, at least at some point" ("Canada's Economy and Household Debt: How Big Is the Problem?" BankofCanada.ca, May 1, 2018). Canadian household debt has surpassed $2 trillion. That's more than $54,000 per person. This is Canada's Personal Debt Crisis.
Highlights:
0:30 - How big is the personal debt crisis?
1:27 - How does this relate to me?
3:15 - Breaking free from debt
Additional Resources:
Tomorrow`s World Telecast "Why Economies Fail": youtube.com/watch?v=PoHnIp1if3E
----------
tomorrowsworld.org
Viewpoint Archives - lcgCanada.org/viewpoint-archive.php
Subscribe here:
youtube.com/tomorrowsworldviewpoint
#greedy,#debtsnowball,#moneymatters
