Quote:
Originally Posted by Flash Walken
I don't think it is due to pop either, because it is almost too big to fail at this point.
Catastrophe is probably too mild a term for what would happen to the Canadian economy with a 5℅ interest rate spike.
Canadians are slaves to their debt levels and if they stop buying things because their credit has dried up we are all in serious trouble.
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We are? I thought we were an importing nation, most of the goods consumers buy are imports. Yes services would be affected as well but I suspect not as much.
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