Bank of Canada Governor warns much of the relative health of his country's economy is the result...

|By:, SA News Editor

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.