Mortgage interest payments driving up household debt is just the beginning: CCPA chief economist
David Macdonald, senior economist at the Canadian Centre for Policy Alternatives, discusses how Canadians now owe $1.85 on every dollar of their disposable income, with mortgage interest payments being the biggest driver due to the Bank of Canada’s rate hikes. He also notes that CERB repayments have ate away at Canadians' disposable income in the past year.
Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
Connect with BNN Bloomberg:
For the latest news visit: https://www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: / bnnbloomberg
BNN Bloomberg on Twitter: / bnnbloomberg
BNN Bloomberg on Instagram: / bnnbloomberg
BNN Bloomberg on LinkedIn: / bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.
Watch video Mortgage interest payments driving up household debt is just the beginning: CCPA chief economist online without registration, duration hours minute second in high quality. This video was added by user BNN Bloomberg 14 June 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 25,64 once and liked it 10 people.