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$17.5 TRILLION Consumer Debt in US: How High Can it Go Before Crisis Level is H

Published 2024-02-08, 07:37 a/m

U.S. Consumers just set a new record for Consumer Debt, including more that $1,000,000,000 in credit card debt. This comes at a time where interest rates are still running higher than the Federal Reserve Board would like. We'll look into this story. Also today, we look at the following stories:

  • Bank of Canada Governor Tiff Macklem says that the Bank is not to blame for the Canadian Housing Crisis.
  • The Bank of Montreal (TSX:BMO) is having some success in the courts and is putting a positive shine on debt worries.
  • Suncor (TSX:SU) is hit with a massive fine for violating environmental rules.
  • Shares of SNAP are down 35% on advertising revenue concerns.

This content was originally posted on the Beavis Wealth YouTube Channel

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