Noting that record household debt levels continue to rise, the Bank of Canada warns of the risks...


Noting that record household debt levels continue to rise, the Bank of Canada warns of the risks to the Canadian economy and banking system. The BoC joins other countries looking to cool credit growth without higher rates that would draw more capital into the country.
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Comments (2)
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
     
    (perfect)

     

    "without the higher rates that would draw more capital into the country."

     

    We wouldn't want that. It might raise global temperatures.

     

    Still, let's do it.

     

    10 Dec 2010, 09:25 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2213) | Send Message
     
    What!? Don't they know that Alan Greenspan said repeatedly that there was no way to spot a bubble? Why try to get it under control ahead of time? This is not going to make their politicians happy.
    10 Dec 2010, 09:28 AM Reply Like
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