Canadians don't have record rates of personal indebtedness because they've become irresponsible overnight; it's been driven by sluggish, sluggish wage growth. I'll just speak for CUPE members. The average full-time CUPE member who has a full-time job—that's about 70% of the membership—makes $41,000 a year. If that wage hasn't moved in six, seven, eight, nine years, people have dealt with normal inflation by taking on more debt.
There's a lot of hesitancy in the Canadian economy. The ILO G-20 report says that it becomes a vicious circle. Business won't invest unless demand's evident, and demand's not evident absent wage growth. I would call our economic performance sluggish at best.