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Ag News
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Economic Perspective - Crazy Canadian Spending | | | Program 3824 (download mp3)
Posted on Thu, Feb 24, 2011 |
Dr. Mike Walden, NCSU Ecnomist discusses "crazy Canadian spending" trends. Canada usually maintains a frugal reputation of moderate spending and did not experience a financial melt down on par with the US recession. But a recent study shows that household debt has risen to unprecedented levels of 148% of disposable income, while US household debt is holding steady at 147%. Canadian banks have been lending - and consumers have been borrowing...
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