Bank of Canada Governor Mark Carney and other policy makers have no doubt been scaring the pants off consumers who have loaded up on debt like there’s no tomorrow. Well, there is a tomorrow, and that was their aim.
Tagged: Household Debt
Declining income pushed a national measure of Canadian household debt to a record high in the three months ended in September, Statistics Canada reported Monday.
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.