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This 4-chart mashup (5 charts in total actually) looks at Canadians (households and business) continuing to vigorously pile on debt at an even steeper angle of acquisition than before the crash into the 2009 pit of gloom. Canadian business has been busy reducing its labour cost but not fast or deep enough to maintain productivity or create new orders greater than before the pit... if we are not willing to compete on productivity, debt will take a long time to transform into equity and will be limited in its ability to leverage. More at www.chpc.biz