https://padlet.com/dan_maxwell422/GNED1119 Made with an aura of mystery en-us 2019-04-01 22:39:36 UTC 2025-11-29 15:13:44 UTC hello@padlet.com dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347425461 For this assignment I have chosen to pick the topic of the importance of consumer credit on the economy with a focus on the Canadian economy. Readers can expect to learn more about consumer credit and how it affects the economy and the importance it plays.]]> 2019-04-02 00:20:59 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347425461 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347426194 I chose this website because it is specifically about the Canadian economy and how it benefits from consumer credit, specifically from credit cards, which is a huge part of consumer credit.  I found the graph contained on the website to very helpful, the graph the Canadian household credit growth and as you will notice, consumer credit sometimes and in fact usually is above the average total household credit.

The website discusses the importance of consumer credit on the economy, consumer credit plays such a crucial role in the economy that if consumers stop spending it could lead to unemployment rates going up and possibly recession. While the website focuses on the importance of consumer credit, it does mention how it is important to spend within reason and responsibly. ]]> 2019-04-02 00:25:23 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347426194 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347426671 The image that is linked below, illustrates that in recent years interest rates are rising sharply.  That is not the focus of why I choose this image, this image shows the contribution of each source of interest rate and as you may notice the largest contribution is from consumer interest payments on consumer debt.  The larger the contribution the more important that source of interest is for the economy.]]> 2019-04-02 00:28:03 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347426671 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347428501 As you can see from the image linked below, the dark blue is representing the total assets of consumer and business transportation leasing companies. As you can see the consumer portion dominates the graph and is responsible for the assets of non-bank intermediaries.]]> 2019-04-02 00:37:27 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347428501 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347431865 This website was selected because it comes from a reputable source, the Financial Post.  It discusses the interest rates and growth rates of certain types of burrowing.  I found it interesting that the growth rate of long-term debt is growing at its fastest pace since 2004, it could be a sign that the economy is doing well and that companies may be preparing to increase growth and production.

The website can be a little dry since it only discusses interest percentages and growth rates, but it is all important information since it directly effects the economy and our day to day lives.]]> 2019-04-02 00:56:00 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347431865 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347435593 The website that is linked below discusses various economic factors over the past three decades.  It uses a lot of graphs and illustrations to portray the trends over the decades.  Figure 10 I found to be the most interesting, it illustrates consumer credit as a percentage of disposable income, I found it interesting how this day in age more and more of our disposable income is being tied up in consumer credit.

I chose this website because I think it is always important to learn from history, even if we as a society tend to repeat our historical mistakes. Additionally it appears to be a collection of public documents which would imply more reliability in the data.]]> 2019-04-02 01:13:12 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347435593 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347439273 The following website is from the Office of Consumer Affairs about chapter 7. Consumer debt and its trends over the years, the use of credit cards and interest rates is also briefly described.  It discusses how the use of consumer credit has changed and how some people believe it is this easier access to larger debt that leads to more bankruptcies.

I chose this website because it is from the Canadian Government and can be trusted to be accurate. Furthermore it does a good job of explaining some of the intricacies of consumer credit in ways that wont overwhelm or bore the average reader. I found it interesting how people have shown through trends that they are more comfortable using consumer credit and having larger amounts of debt than they were in previous years.]]> 2019-04-02 01:31:03 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347439273 dan_maxwell422 https://padlet.com/dan_maxwell422/GNED1119/wish/347442749 2019-04-02 01:49:47 UTC https://padlet.com/dan_maxwell422/GNED1119/wish/347442749