Perhaps now we'll be able to get to the answer.
Just to restate the question as succinctly as possible, we had testimony at this committee that Canadians who are in debt are getting deeper into debt and that they are coping with their debts by exhausting their savings, refinancing their loans and cutting back on other necessities. This was alarming information, and quite troubling. It came from Equifax and TransUnion, and a variety of other witnesses have confirmed this.
If consumption is the main driver of GDP growth and if we already have the most indebted consumers in the G7, is this a concern for future GDP?
