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Debt Crisis May Hit Canada

Posted by Tony McGoran
Tony McGoran
Tony McGoran is president of mydebtsolution.com, who maintains an active role as a Credit Consultant counselli...
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on Friday, 29 July 2011
in In the News

I found an interesting article today in the Calgary Herald talking about the debt crisis currently facing the US and its possible impact on those of us north of the border. The full article can be found here, or just read on. Our Full Review could be the first step to solving your own personal debt crisis.

Canada could come out of the rancorous U.S. debt-ceiling debate unscathed, but might face far more serious consequences if legislators fail to firmly resolve the issue, TD Economics said in a report Thursday.

"The impact on Canada could range from a hiccup in our base-case economic outlook, to one in which we are thrown back into a recession that could have a global reach," chief economist Craig Alexander said.

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