🇨🇦 Household debt to GDP at 98.9% of GDP. pic.twitter.com/51FUUZq6w4
— Alex Joosten (@joosteninvestor) January 23, 2026
A new Food Banks Canada report shows an estimated 25 % of Canadians cannot afford two or more household essentials, suggesting roughly one in four people are living at a poverty level far higher than the official 10 % rate.
https://foodbankscanada.ca/press-releases/food-banks-canada-report-highlights-hidden-poverty/
Statistics Canada data reveal that 1 in 5 recent immigrants lived in “deep poverty” in 2022, far above the national average, exposing widening gaps in who is most economically vulnerable.