What is Canada's number one industry?
Economy of Canada
According to a July 2015 report by Laura Cooper, an economist with the RBC—the largest financial institution in Canada—"outstanding household credit balances" had reached $1.83 trillion.[96] According to Philip Cross of the Fraser Institute, in May 2015, while the Canadian household debt-to-income ratio is similar to that in the US, however lending standards in Canada are tighter than those in the United States to protect against high-risk borrowers taking out unsustainable debt.[97]