TORONTO (Reuters) - The Bank of Canada has noticed some slowing in credit growth but remains concerned that some borrowers are spending more than they earn and are therefore vulnerable, Senior Deputy Governor Tiff Macklem said on Tuesday. "This is something the Bank of Canada is very much looking at. We have expressed on numerous occasions our concerns about rising household indebtedness. The ...
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TORONTO (Reuters) - The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis. "I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act," Taylor said, pulling out a pair of scissors from his desk ...
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TORONTO (Reuters) - The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis. "I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act," Taylor said, pulling out a pair of scissors from his desk ...
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The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis.
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The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis.
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OTTAWA (Reuters) - A hot Ontario condo market helped boost the value of Canadian building permits to a 4-1/2-year high in December and up 11.1 percent from November, Statistics Canada said on Tuesday. The value of permits rose to a seasonally adjusted C$6.8 billion ($6.8 billion), the highest level since June 2007. The increase confounded analysts, who expected a 0.5 percent fall, on average ...
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The Bank of Canada has noticed some slowing in credit growth but remains concerned that some borrowers are spending more than they earn and are therefore vulnerable, Senior Deputy Governor Tiff Macklem said today
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