Canadians are now carrying $1.821 trillion of consumer debt.

During recessions, American sentiment is typically volatile. One of the most remarkable recent developments in the world economy is the change in U.S. sentiment. After three failed attempts, the Conference Board Index of Consumer Confidence has finally and convincingly popped back into the "normal" zone.

Canadians have yet another reason to be wary of bankers: A scandal is brewing across the pond in the United Kingdom that may have serious international effects on consumer confidence in the financial system. No, seriously, this affects everyone from retirees to kids trying to pay off student debt.