Mortgage interest payments driving up household debt is just the beginning: CCPA chief economist

David Macdonald, senior economist at the Canadian Centre for Policy Alternatives, discusses how Canadians now owe $ on every dollar of their disposable income, with mortgage interest payments being the biggest driver due to the Bank of Canada’s rate hikes. He also notes that CERB repayments have ate away at Canadians’ disposable income in the past year. Subscribe to BNN Bloomberg to watch more videos: Connect with BNN Bloomberg: For the latest news visit: For a full video offering visit BNN Bloomberg: BNN Bloomberg on Facebook: BNN Bloomberg on Twitter: BNN Bloomberg on Instagram: BNN Bloomberg on LinkedIn: -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.