Canadian households have built up about $2 trillion of debt, including $1.5 trillion of mortgage debt. This debt stock is the natural consequence of a number of factors, including consistent strong demand for houses and a prolonged period of low interest rates that allowed borrowers to take out larger …
The post Bank of <b>Canada</b> policy helps manage risks from debt, Governor Poloz says appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/bank-of-canada-policy-helps-manage-risks-from-debt-governor-poloz-says/
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