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A "For Sale" sign at a house in Calgary, Alberta.

REUTERS/Todd Korol

Hard Numbers: Canada’s household debt soars, healthcare top of mind in Alberta, Minnesota mining & the debt ceiling, asylum-seekers put strain on Portland, Canada & Saudi Arabia make up

107: Canadian households are more in debt than any other G7 country, according to a new government report. Household debt is now larger than the value of the entire Canadian economy, standing at 107% of GDP. This is worrying for Canada’s central bank because if homeowners can’t make mortgage payments, defaults pose a great risk to the national economy.

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