Dream Office REIT selling Scotia Plaza stake, other assets for $1.7-billion + MORE Jun 23rd

Canada is piling up private debt (households and corporations) faster than any other developed economy, according to a new report by David MacDonald, an economist at the Canadian Centre for Policy Alternatives. Canadian households and companies have added debt worth $1 trillion since 2011, pushing the total to $4.4 trillion, or 218 percent of gross domestic product.
The trend: We like it when The Economist calls us cool. But in its latest issue, the magazine noticed something else about we Canadians: our addiction to debt, noting in one of two articles on the subject that Canada’s burden is among the “highest anywhere.” The warnings are piling up. Recently, the Bank for International Settlements observed Canada and China were at the greatest risk of financial crisis because of debt and excessive house prices. The International Monetary Fund worries that Canada has done too little to deflate its real-estate bubbles. At home, the Financial Consumer Agency of Canada warned about the implications of the surge in home-equity lines of credit…