The credit crunch: the stark fact is that Canadians' expectations are badly out of step with reality

Article Abstract:

Industry Canada reported that personal and business bankruptcies increased 20% from 1994 to 1995, hitting a record 78,690. Many Canadians have gotten use to living beyond their means, and this has caused overextended credit. The national budget deficit is another example of this problem.

Psychological aspects, Finance, Personal finance, Statistics, Bankruptcy

---

A sense of uncertainty

Article Abstract:

Canadian voters are worried about of loss of control, both individually and nationally. They have lost the protection of government social services and feel insecure about their financial future because of unemployment and a possible increase in interest rates.

Unemployment

---

Falling expectations: in an era of slow growth, Canadians are learning that the future is not what it used to be

Article Abstract:

A majority of Canadians believes that the weak economic conditions are likely to continue for several years. Economists claim their acceptance of a weakened economic presence will help improve conditions as Canadians adopt economic changes to become strong.

Analysis, Economic policy

Similar abstracts:

• Abstracts: Harnessing the new Canadian nationalism. The problem with the Tory leadership race
• Abstracts: Three wishes for a Canada once loved. There is nothing left to offer Quebec. Yes to Canada, no to group politics
• Abstracts: Infant mortality in the nation's capital. The mystery of Sudden Infant Death Syndrome. A little "Baby Love" goes a long way in North Carolina
• Abstracts: A post-deficit agenda: the public wants action on the tough issues: youth unemployment, the future of work. The new Canada

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.