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Canadian Credit Bubble In Pictures

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Here are 4 images from Jonathan Tonge at America-Canada Blog regarding Canada, The Country of Fiscal Prudence

Credit Card Debt Up $43 Billion Since 1999



Personal Lines of Credit Up $180 Billion Since 1999



Mortgage Debt Up $566 Billion Since 1999

Household Credit Up $715 Billion Since 1999

See the above link for more details.

Think there is no credit bubble in Canada? Think again.

Mike “Mish” Shedlock
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Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Mike Shedlock

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