Is soaring consumer debt the top domestic threat to the Canadian economy?

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David Dodge (Tom Hanson CP).jpg
Canada's Finance Minister Jim Flaherty and the Bank of Canada Governor Mark Carney have been warning Canadians about the dangers of a housing bubble along with rising mortgage and household debt. But is soaring consumer debt really the top domestic threat to the Canadian economy? And should Canada be prepared to contribute to a European rescue via the IMF? We ask David Dodge, the former Bank of Canada Governor, who now works as senior advisor to the law firm of Bennett Jones LLP and serves as chancellor of Queen's University.

 

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