Debt represents risks for Canada – The Big Picture
World economies have been operating under duress for several years. The uncertainty fuelled by the spread of COVID-19 led to the shuttering of vast swaths of the global economy in 2020. Subsequently, uneven reopening caused supply chain disruptions in many sectors and across borders. Over the past four years, unparalleled monetary stimulus has given rise to inflationary pressures, surging from near-zero to multi-decade highs. As a result, efforts to cool these inflationary fires have seen interest rates spike higher to similar multi-decade highs.
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