![Chart of the Day: Canada Loads Up on Private Debt](https://www.benefitscanada.com/wp-content/uploads/sites/7/2010/06/1260919_crisis.jpg)
Canada’s private debt now stands at 218% of GDP compared to 168% in 2008, meaning we’re accumulating debt at a faster pace than ever before.
With rates on the rise, the risks to the Canadian economy are clear: even a slight slowdown in private debt growth could have immediate and outsized impacts on the economy and asset markets.