Canadian Consumers: "...after 11 consecutive years in which household spending has exceeded disposable income, they (Canadian Consumers) are deeply in hock. The ratio of household debt to disposable income continues to edge up."
"...the Canadian consumer remains the main hope for the economy. It is an odd situation where both government and business have decided to be excessively prudent in their spending, but are hoping that consumers will not follow suit just yet."
Read the full article at The Economist