Fontaine & Associates

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Main Offices: Ottawa • Sudbury • Kingston • Timmins • North Bay, ON, CA

Study Says Canadians Aren't Ready For An Economic Downturn

Study Says Canadians Aren't Ready For An Economic Downturn 2017-08-27
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Nathan Sugeng

A new report says unprecedented household-debt levels will give Canadians a rude awakening on their unpaid credit-card bills if another economic downturn hits. We see reports like this all the time, but what does it mean for regular people? Nathan Sugeng helps people with debt issues every day and he says this is a trend that can't be ignored. He's a federally-regular Licensed Insolvency Trustee and a former bank manager. Nathan is an experienced media commentator who specializes in distilling complex information down to valuable nuggets audiences can understand, including advice on how to deal with these issues.

Source:
The Globe and Mail

Moody’s warns canadian consumers over record household-debt levels

Agency says card-loan performance in alberta, saskatchewan will be ‘illustrative first test’ of continuing strength of banks’ canadian credit-card portfolios

The Globe and Mail