Posted AT 10:33 AM EST on 18/08/08
Slow economy takes toll on household finances
OTTAWA — The slowing economy is taking its toll on household finances, driving up debt at a faster pace than incomes and assets, new analysis from CIBC World Markets shows.
“This is a fact because the economy is underperforming,” CIBC economist Benjamin Tal said in an interview about his analysis of household credit.
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