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Days of debt
Broadcast Date: Nov. 30, 1995
The economy is on the upswing in 1995, but the financial picture in many individual Canadian households is not so rosy. Canadian have run up a staggering $450 billion in household debt and the average debt per household has doubled in the last 10 years. In this report, CBC-TV's focuses on one family dealing with its burdens and how they are surviving the pressure of their debts.Days of debt
• 1995 was mostly a good year for the Canadian economy. The Canadian dollar rose against the U.S. for most of the year, but the Quebec referendum of that year hurt the Canadian economy and sent the dollar into a steep drop. For more on this subject, look at our clip The referendum and the bottom line.• As of 2008, the average Canadian household debt, including mortgages, was $80,000.
• Canadian families averaged $7,500 in savings in 1990. By 2008, they were saving just $1,000.
Days of debt
Medium: Television
Program: The National
Broadcast Date: Nov. 30, 1995
Guest(s): Arthur Donner, Alex St. Germain, Terry St. Germain
Host: Peter Mansbridge
Reporter: Jeffrey Kofman
Duration: 2:53
Last updated:
Jan. 30, 2009
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As a worldwide economic crisis grows in 2008, CBC-TV explores why Canadians still lose control of their own finances.
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6:37
Students find a number of ways to resolve their loans, and it doesn't always involve repaying them.
Days of debt.
The CBC Digital Archives Website.
Canadian Broadcasting Corporation.
Last updated: Jan. 30, 2009.
[Page consulted on Feb. 13, 2012.]