Thursday, February 25, 2016

RESILIENT CANADIAN BANKING SYSTEM

While the vulnerabilities associated with elevated household debt have increased in recent years, the Canadian financial system remains resilient and could withstand a major shock, a Bank of Canada official said on Wednesday
Record-high consumer debt and hot home prices in parts of the country have raised worries that a sudden retrenching by over-extended Canadians could pose a risk to the economy and financial system.
 
 

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