Taking Stock - How bad is the debt picture?

Guest: Grant Bazian, president, MNP.

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[Tobluesmetal]

100% stress. My consumer goods are groceries

[allistairtrent]

Drop interest rates to zero for a decade and print billions of dollars and debt crisis - who would have thought ?

[antonburdin]

Arbitrary immigration targets are simultaneously increasing demand and suppressing wage growth. There are better ways to control immigration. I would suggest demand based approach with some guard rails in place. For instance, I would require all educational institutions to provide housing for international student (at least 50%). Businesses should be required to provide accommodation to all temporary/seasonal workers on top of the minimum wage. In order to hire foreigners employers should be required to prove that he is paying enough to afford housing in the region (market cost of accommodation is less than 30% of salary). Accommodation for refugees should be secured before bringing them to the country from around the globe. No accommodation = no permits. It would limit demand and prevent wage suppression.

Either home owners are loosing some equity, or we are all dealing with inflation (wage-price spiral), or some combination of both (stagflation), there are no other ways around to fix affordability.

[purethinking]

The opening, is a conservative commercial. I am looking for the news on the federal debt which most of the massive 2020, 21 borrowing is being refinanced at current rates.

[adamsteele]

New flash, NOBODY HAS SAVINGS. Stop saying people are dipping into their savings! Its all debt!

[kimchan]

A long line up at Costco. The parking lot is full.

[johnnycroat]

people have savings? money for RRSP? crazy thing i hear people take on debt to get RRSPs

[vadimrazenberg]

I know the stats in the beginning are designed to look scary but look at them again. "26% paying minimum on credit cards". This means 74% are aggressively paying it off. "19% are paying minimum on line of credits"- This means 81% are aggressively paying down their LOC. I understand BNN needs to come out with daily content but just funny how stats can be

[maxpayne]

Mortgage debt is good debt. Everything else - get rid of it!

[devstatingx]

All this talk about rate cuts, even these pundits are desperate

[vicmar]

In the meantime the liberals keep spending like a drunken sailor