Rudyard Griffiths and Sean Speer discuss policy expert Charles Lammam's new analysis in The Hub, which challenges the narrative that Canada is fiscally prudent. They examine how Canada ranks among the world's most indebted nations, when accounting for combined household, corporate, and government debt.

They also explore why Canadians remain complacent about debt accumulation, the real costs of rising borrowing levels, and how government deficits drive up interest rates for mortgages and consumer loans, warning of potential unsustainability ahead.

The Hub is Canada's fastest growing independent digital news outlet.

Subscribe to The Hub's podcast feed to get all our best content:

https://tinyurl.com/3a7zpd7e (Apple)

https://tinyurl.com/y8akmfn7 (Spotify)

Watch a video version on YouTube: https://www.youtube.com/@TheHubCanada

Follow The Hub on X: https://x.com/thehubcanada?lang=en

CREDITS:

Amal Attar-Guzman - Producer and Video Editor

Alisha Rao - Sound Editor

Rudyard Griffiths - Host

Adrian Wyld/The Canadian Press - Photo Credit