Household debt worrisome, says Bank of Canada president

by Sidney Cohen - May 4, 2018

The governor of the Bank of Canada spoke about Canada’s high household debt on Tuesday during an event hosted by the Yellowknife Chamber of Commerce. Stephen S. Poloz said Canadian households owe more than $2 trillion, and mortgages account for about $1.5 trillion of this debt. Household debt, which has been on the rise for…

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