Canadians stretched to limit as Moody’s warns of sky-high debt loads - The Globe and Mail

Canadians stretched to limit as Moody’s warns of sky-high debt loads - The Globe and Mail

There is more than a 20 per cent risk of Canada falling into a second recession — and though much of that risk comes from outside our borders, Canadians’ sky high debt loads could push the economy over the edge, warns a new report from Moody’s Analytics.
With debt-to-income ratios at an all-time high around 150 per cent, Canadians have stretched themselves to the limit since the recession and have left little head room to buffer against another economic downturn, Moody’s suggests in the report released Thursday.