While Canadian households may be setting new highs in debt-to-income ratios, the country’s corporations, governments and citizens are in a much stronger position to handle that risk, a new report from the Bank of Nova Scotia said Thursday.
Tagged: Canadian Households
It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.