Canada Flagged For Recession By BIS

Authored by Caleb McMillan via Mises.ca,
As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is rarely a good idea.
Canada’s debt-to-GDP gap is widening and even the central bank of central banks is concerned.