Canada's Economy Has a Dirty Little Secret
The Bank of Canada says Canada isn't in a recession. Statistics Canada says Canadians owe $1.80 for every dollar of disposable income. So which is it?In today's Tap the Maple, we break down Tiff Macklem's latest comments, the alarming rise in household debt, the troubling retail job losses we highlighted previously, and whether Canada's economy is being sustained by genuine consumer confidence... or by borrowed money.Canadians are spending. But are they spending because they're optimistic about the future, or because they're trying to hold onto the life they already had?This isn't about doom…
The skinny
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