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After 2008, Only One Country Deleveraged

BIS-standardized: US households deleveraged after the crisis; Canada kept borrowing (96% vs 69% of GDP).

After 2008, Only One Country Deleveraged
Source: IMF/BIS (FRED) · HDTGPDCAQ163N, HDTGPDUSQ163NData through Q4 2025 · Updated Jul 14, 2026

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Chixan (2026). After 2008, Only One Country Deleveraged. IMF/BIS (FRED). https://chixan.com/charts/housing/us_vs_canada_household_debt/

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