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Canada is having a rough start to 2014. We’re not talking about the ‘Polar Vortex’ that is making for the most bone-chilling winter cold we’ve seen in decades or the daily trials of Toronto’s Mayor as he is regularly ridiculed on late night television or even Justin Beiber, with his headline catching arrests in Florida and Toronto. The real damage being done to Canada is the depreciation of the Canadian Dollar as global investors fret over high consumer debt levels, slowing economic growth and an implosion of commodity prices, the lifeblood of our economy. International investors are worried that debt-laden Canadians are becoming more susceptible to economic shocks. The new mantra is that Canada’s economy is in danger of underperforming the U.S. as consumers becoming increasingly fragile amid rising household debt and home prices.
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