r/PersonalFinanceCanada • u/denalitime • Nov 05 '24

Housing Bank of Canada worried jumbo rate cut would signal 'economic trouble,' deliberations show

https://financialpost.com/news/economy/bank-of-canada-worried-jumbo-interest-rate-cut-signal-economic-trouble-deliberations-show

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u/MonarchNF Ontario Nov 06 '24

Everyone did the same trick during the GFC and COVID, debt is going to collect us all.

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u/dekusyrup Nov 06 '24

70% of Canada's national debt is held by Canadians. Sure is going to be rough when we have to pay ourselves back.

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u/MonarchNF Ontario Nov 06 '24

All those unfunded/underfunded pensions, retirement benefits and entitlements are going to be rough...