Sep. 1: Canadian consumers are $2.5 trillion in debt and credit card debt at its highest in 17 years

Canadian consumers, according to Equifax this past week, are $2.5 trillion in debt and credit card debt at its highest in 17 years. ($1 trillion = 1,000 x $1 billion). Canadians on average are over $2.00 in debt for each dollar earned.

Guest: Linda Leatherdale from our Beauties and the Beast panel and former MONEY editor at the Toronto Sun who first alerted us to the massive consumer debt growth several years ago when Canadians owed approx $1.40 for each dollar earned.

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