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Today: 20.01.2018 - 15:08:58
   Canada Mortgage Hub Discussion Board -> Mortgage Toronto -> How would a deficit affect me?
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nilandfam

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How would a deficit affect me?
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Post # 1.

nighwing

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if it's a deficit in your personal cash flow, it would mean you would have to borrow to support your living expenses.
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pseudo1999

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When governments run into deficits they mainly affect the credit market, making the price of credit (i.e. the interest rate) go up. Generally this means that you will have to pay higher interest rates for your mortgage, your credit card, and your car payments, for example.
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