Reading the news these days make you wonder what way to run…!
We have our next door neighbour’s tragic financial experience with the so called “over spending” and the industrial repercussion over the economic crash to keep us in fear.
I am a believer that this beautiful wonderful country is different in many ways but experts continue to relate to Canada as a default for chaos.
Our corporate bosses have done some trimming on guide lines back in July with respect to residential mortgages as well as mortgages for investment properties that will somehow keep us on our toes.
But really, it is up to us to make the difference. I know that in our so called ‘bubble’, we are more conscious and determined to get rid of debt and are more careful and shy of impulse spending. Unfortunately, this course of action is hurting numerous businesses and the many industries attached to them.
I say “everything in moderation” will always balance the outcome.
