Doug Hoyes provides a thorough analysis of this question.
Household debt was in a crisis before the recent economic downturn, with many Canadians owing more debt than they could ever hope to repay, and the coronavirus shut down of 2020 has accelerated the collapse. Sky-high job losses have highlighted just how many people were truly living paycheque to paycheque and relying on debt to make ends meet. That’s why a number of public figures are suggesting a radical and ancient solution: A Debt Jubilee.










