Canada’s Financial Illusion- Behind the Numbers Lies a Debt-Soaked Crisis

Under Mark Carney’s leadership, the Canadian economy posts surface-level gains while households, corporations, and government sink deeper into unsustainable debt.

Jun 12, 2025

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This morning, Statistics Canada released its report on the national balance sheet and financial flow accounts for the first quarter of 2025. The headlines, predictably, are celebrating another quarter of household net worth growth, modest GDP expansion, and strong corporate borrowing activity. But beneath the statistical sheen lies a story of staggering…

Canada’s Financial Illusion- Behind the Numbers Lies a Debt-Soaked Crisis

Under Mark Carney’s leadership, the Canadian economy posts surface-level gains while households, corporations, and government sink deeper into unsustainable debt.

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