Liberal Minority Government 2025 - ???

[daftandbarmy]

I will be impressed when Canadians understand and embrace the words of JFK:

"ask not what your country can do for you—ask what you can do for your country"

Canadians have not always been overly friendly to Catholics though

Anti-Catholic hate crimes rising faster than any other category combined – Catholic Saskatoon News

 

[Quirky]

https://www.cbc.ca/news/canada/edmonton/where-canadians-are-travelling-instead-of-united-states-1.7602862

No.

Yes.

Canadian consumers are buying less, including on credit cards, data shows - National | Globalnews.ca

Canadians are also spending less money using their credit cards, another report by J.D. Power and Associates released on Tuesday showed.

globalnews.ca

Canadians are spending less.

How much credit card debt does the average Canadian have? - MoneySense

How does your credit card debt stack up against the average Canadian’s? Find out as we dive into how we handle what we owe.

www.moneysense.ca

The average credit card balance for Canadians in the third quarter of 2024 was $4,562, according to TransUnion. This is up 6.97% from the previous year, putting credit card debt as the fastest-growing type of consumer debt over car loans, lines of credit and mortgages. Another source, Wealthsimple, reports a similar amount but a bit higher than TransUnion, at $4,787.

 

[Jarnhamar]

According to foodbanksCanada.ca in March 2024 there were over 2 million visits to food banks across Canada. The highest monthly total on record.

That’s close to a 90% increase compared to March 2019.

 

[IKnowNothing]

Yes.

Canadian consumers are buying less, including on credit cards, data shows - National | Globalnews.ca

Canadians are also spending less money using their credit cards, another report by J.D. Power and Associates released on Tuesday showed.

globalnews.ca

Canadians are spending less.

How much credit card debt does the average Canadian have? - MoneySense

How does your credit card debt stack up against the average Canadian’s? Find out as we dive into how we handle what we owe.

www.moneysense.ca

Actual TransUnion press release here.

Detailed Averages sum to 461k per person including auto, credit card, installment, LOC, and mortgage - the "average consumer debt load"
Total Consumer debt load given at 2.5 Trillion
Total Canadians with at least one financial product- 32.2 million
Total Canadians with at least one outstanding balance - 29.7 million

2.5 Trillion divided by 460k = ~5.43 million
alternatively
2.5 Trillion divided by 29.7 million = ~84k

The math isn't mathing.

Why- what the press releases don't show is the methodology, which you can only get (maybe) by providing contact info to receive the full report. I'm not doing that, but the only way I can think of to reconcile the difference is that the reported numbers are the averages of those that are reporting balances in each account class, excluding the many many many zeros from the average. Ex. $4562 is the average outstanding credit card balance... of Canadians who carry an outstanding credit card balance, NOT of all Canadians.

 

[Altair]

Yes.

Canadian consumers are buying less, including on credit cards, data shows - National | Globalnews.ca

Canadians are also spending less money using their credit cards, another report by J.D. Power and Associates released on Tuesday showed.

globalnews.ca

Canadians are spending less.

How much credit card debt does the average Canadian have? - MoneySense

How does your credit card debt stack up against the average Canadian’s? Find out as we dive into how we handle what we owe.

www.moneysense.ca

Be that as it may, it's not that Canadians aren't visiting the USA because they are broke. They are going on vacations elsewhere. Data bears that out.

 

[Eaglelord17]

Is this patriotism or is it because majority of canadians are broke?

Largely patriotism. I live in a border town. Cross border shopping was the standard for many families, used to go every week or two. Minimum once a month.

I haven’t been now since a bit before Trump was elected. I am definitely not going at the moment. When you decide to put my job at risk for your stupid political agenda you don’t deserve my money. Even if it is cheaper for me.

It costs more to shop in Canada than the states but I refuse to step foot in that country until they rectify how they have treated us. I am not the only one who feels that way.

 

[Cloud Cover]

Largely patriotism. I live in a border town. Cross border shopping was the standard for many families, used to go every week or two. Minimum once a month.

I haven’t been now since a bit before Trump was elected. I am definitely not going at the moment. When you decide to put my job at risk for your stupid political agenda you don’t deserve my money. Even if it is cheaper for me.

It costs more to shop in Canada than the states but I refuse to step foot in that country until they rectify how they have treated us. I am not the only one who feels that way.

Right. Bloody well right.