Canada’s 'historical' debt bubble could hit banks: David Rosenberg

  • 🎬 Video
  • ℹ️ Description
Invalid campaign token '7mSKfTYh8S4wP2GW'
Canada’s 'historical' debt bubble could hit banks: David Rosenberg 4.5
Prominent Canadian economist David Rosenberg is warning that record household debt levels in the country will hinder economic growth, and could be a problem for bank earnings. He joins BNN Bloomberg to discuss.



Connect with BNN Bloomberg:
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

Download — Canada’s 'historical' debt bubble could hit banks: David Rosenberg

Download video
💬 Comments on the video
Author

Thanks to our corrupt government! Can’t believe Canadian put him back in!

Author — Hamish Mctavish

Author

David’s one of the very few people I respect that comes on BNN

Author — shalvin prakash

Author

Park your cash in physical silver and gold

Author — Philip Angelo

Author

I will become more "historical" in 4 years from now if this arrogant and clueless government will stay.

Author — joannabuk

Author

Justine trudope must be impeached until election enough of this looser and spending

Author — Daniel Filion

Author

lol who didn't see this coming? Honestly.

Author — Drew Rycerz

Author

His point of debt levels of Canadians really hit home for me when he compared it to other nations especially Italy. This is not going to end well. Sounds like any significant job losses can be a domino effect on loan losses.

Author — Sharing Lungs

Author

ya I can't see how anyone would want him for another 4yrs

Author — me

Author

Beware all, Trudeau slid bill C-15 into 2016 budget way back on page 233. If the banks fail then it's a bail-in where they take your money, shares safety deposit box, etc. then limit withdrawals. keep money out of the bank and convert a portion to gold and silver in case the dollar collapses. The entire G20 did the same.

Author — Kevin Clark

Author

Listen to this dude he knows. Since oil and gold are priced US $. If, as he predicts the Canadian $ goes down, oil and gold will go up in CAD. One way to preserve wealth.

Author — Fred Frond

Author

If domestic driven growth stalls due to high consumer debt levels, it stands to reason that demand ought to be shifted for foreigners with income growth...the way to accomplish that feat is to devalue the currency. A no-brainer. Well, one way to forestall that depressing expedient would be to increase fiscal deficits...but canadians have been brainwashed into thinking that's some sort of sin (it isn't).

Author — Rocco Diciano

Author

This's so cool i received €10, 000 from ultimateframedhackers, com they are always the best

Author — Pretty Michael

Author

I don't support Trudeau at all but blaming an ugly, long-overdue credit cycle on the current PM is a total fallacy. It's been a 30 year game of hot potato and both sides contributed to the game. Blaming the current PM keeps us distracted from the truth.

Author — Matt Joubert

Author

We need mass immigration from 3rd world country now. OH wait..we already done that Ha Ha. Not sure which country Canada belongs to. But they're sure having fun with this garbage. Scrambling to start a civil war. lol

Author — Raptorswin Raptorswin

Author

Thanks trudumb ya POS your gone in October cant you see the blue wave

Author — Kevin Fraser

Author

There was something about banks keeping money from private/some private accounts should the bank get into trouble.

Author — Stacy Mackenzie

Author

Canada Is effed and they don't even know it. Qanon

Author — Kali Koka

Author

Laws that are being overlooked.
Canada requires all RRSP can be taken by the government.
If the banks go bust the banks can use the depositors money to cover all debt.
George Soros Rockefellers heavily hedged against the.
Canadian Market.
SNC is really nothing.

Author — R T

Author

With the Federal Reserve Dollars purchasing power at
.04 of 100 cents, the Canadian Loonie is set against that and in reality is worth only .71 of the USD, makes the Loonies purchasing power .028 . Enjoy your minimum wage increases up to $15.00 ! Reality says its only .42 an hour. And the "Bank of Canada " plans to devalue it down to .62 this year..how do you like being robbed without a gun or even any bandits ! Ohhhh Canada-duh are you awakened yet ??? It is truly a lonesome watch..

Author — James Oliver

Author

So if it’s hard to park cash places in Canada then what do the rich do? And what policy do they see as a problem for wealth generation?

Author — S0uLCrusheR