Bank of Canada Governor warns much of the relative health of his country's economy is the result...
Bank of Canada Governor warns much of the relative health of his country's economy is the result of "debt-fuelled household expenditures," as he praises this morning's tightening of mortgage lending rules. He again says higher rates are coming, the timing not yet set. Toronto, -2%, leads to the downside today, maybe on the new mortgage rules, or maybe because commodities are getting beat up.
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