The Bank of Canada is more concerned than it was a year ago about the risks posed by high household debt to the Canadian financial system as higher interest rates increase the cost of mortgages, according to its latest financial system review. Higher borrowing costs mean more households are expected to face financial pressure in the coming years and a decline in housing prices has reduced homeowner equity, according to the annual report published on 18 May. The bank said many Canadians have le
Note: this page contains paid content.
Please, subscribe to get an access.