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Ottawa

Debtor nation: Canadians now carry more debt as a percentage of their disposable income than Americans, consulting firm Deloitte & Touche said this week. And they are starting to default on it. Credit card companies said delinquencies have risen at least 10 percent since October, while personal bankruptcies in Canada jumped more than 50 percent in December compared with the same month a year ago. “This is an enormous increase,” said Patricia Croft, chief economist with RBC Global Asset Management. “Historically, you don’t usually see personal bankruptcies rise until the unemployment rate really begins to take off.” Last month, Canada suffered its worst monthly job losses in more than 30 years. The unemployment rate now stands at 7.2 percent.

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