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Canadians take Canada's debt warning to heart
Canadians appear to have gotten the message Mark Carney was sending when the Bank of Canada governor went public last year with his concerns about rising levels of household debt.
In the months since his remarks ` which were augmented by changes to lending rules by Ottawa ` growth in consumer borrowing has noticeably slowed, according to Royal Bank of Canada and credit-counselling agencies. A clearer picture will be available when the banks report their second-quarter earnings next month.
Read the full article here.
Canadians appear to have gotten the message Mark Carney was sending when the Bank of Canada governor went public last year with his concerns about rising levels of household debt.
In the months since his remarks ` which were augmented by changes to lending rules by Ottawa ` growth in consumer borrowing has noticeably slowed, according to Royal Bank of Canada and credit-counselling agencies. A clearer picture will be available when the banks report their second-quarter earnings next month.
Read the full article here.