- Aug 6, 2012
- 27,982
- 24,786
- 2,405
Police States aren't cheap.
At least the "good ones" and their rackets will remain plump and employed.
You would have to be an idiot, or handed hundreds of millions from the provincial/federal taxpayer to expand your business to Canada.
Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
The agency says household credit market debt as a proportion of household disposable income increased to 183.3 per cent on a seasonally adjusted basis in the third quarter, compared with 182.6 per cent in the second quarter.
In other words, Statistics Canada says there was $1.83 in credit market debt for every dollar of disposable income that households had in the July-to-September period.
Income gained 0.8 per cent in the quarter, while household credit market debt rose 1.2 per cent.
"Both mortgage and non-mortgage loans grew despite aggressive rate hikes throughout the quarter," Bank of Montreal economist Shelley Kaushik noted, with mortgage debt hitting $2.07 trillion and other forms of debt hitting $722.6 billion.
At least the "good ones" and their rackets will remain plump and employed.
You would have to be an idiot, or handed hundreds of millions from the provincial/federal taxpayer to expand your business to Canada.
Statistics Canada says the amount Canadian households owe relative to their income rose in the third quarter.
The agency says household credit market debt as a proportion of household disposable income increased to 183.3 per cent on a seasonally adjusted basis in the third quarter, compared with 182.6 per cent in the second quarter.
In other words, Statistics Canada says there was $1.83 in credit market debt for every dollar of disposable income that households had in the July-to-September period.
Income gained 0.8 per cent in the quarter, while household credit market debt rose 1.2 per cent.
"Both mortgage and non-mortgage loans grew despite aggressive rate hikes throughout the quarter," Bank of Montreal economist Shelley Kaushik noted, with mortgage debt hitting $2.07 trillion and other forms of debt hitting $722.6 billion.
