DEUTSCHE BANK: ‘Canada Is In Serious Trouble’

ANDY KIERSZ
BusinessInsider.com
JAN. 8, 2015

Deutsche Bank’s chief international economist Torsten Sløk has circulated a chart deck looking at global housing markets, and Canada stands out as having quite a few problems.

Sløk dedicated seven charts to the country.

Simply put, debt levels are very high, and with sky-high home prices cooling off, we could see pressure on the Canadian financial system and labor markets.

While US households have been deleveraging since the Great Recession, Canadian household debt as a percent of household income is higher than ever:

The Rest…HERE

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