Comment: The potential drag on the economy due to the combination of less real estate sector activity (one of the largest recent economic drivers) and slower discretionary consumer spending (due to high debt servicing costs and lower confidence due to the reverse wealth effect as real estate values correct), should not be underestimated.   Trudeau's $28 Billion deficit could easy blow up into $50+ if tax revenues disappoint.  The Liberals seem to be out of touch with economic and financial system risks as they spend like drunken sailors.