Ottawa is right to curb Canadians' taste for debt

Saturday 23rd June, 2012

Ottawa is right to curb Canadians' taste for debt ??

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?????Saturday 23rd June, 2012??Source: General Sources ??

Canadians' personal debt load has risen to dizzying levels. For every dollar we earn, we owe a record $1.52. That includes credit card balances, auto loans and leases, lines of credit and - most notably - the mortgages on our homes. With a recession just behind us and darkening economic clouds in Europe, it is wise for Ottawa to try and tame the debt monster by toughening regulations on new mortgages. Officials in the Finance Department, along w...

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