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Canadian total (household, business, and all levels of government) debt numbers as of the end of March, 2018

The borrowing and spending binge by Canadian households, businesses and governments (all levels) continues unabated. Growing the debt in the economy significantly faster than the economy itself grows seems to have developed into a way of life in Canada.

At the end of March, 2018 the total debt outstanding in Canada (bottom line of the Statistics Canada credit market summary data table) was $7.745 trillion. At the end of March, 2017 the total debt outstanding was $7.34 trillion. In the 1 year period from the end of March, 2017 to the end of March, 2018 it increased by $404.4 billion. This is an increase of 5.5%.

Looking at the total debt outstanding of domestic non-financial sectors in Canada (17th line up from the bottom of the credit market summary data table): At the end of March, 2018 the total debt outstanding of domestic non-financial sectors was $5.427 trillion. At the end of March, 2017 the total debt outstanding of domestic non-financial sectors was $5.115 trillion. In the 1 …