Canadian bank executives join the BoC in raising alarm about high levels of consumer debt. TD...

|By:, SA News Editor

Canadian bank executives join the BoC in raising alarm about high levels of consumer debt. TD Bank (TD) has taken steps to slow lending, claims CEO Ed Clark, but it's up to the government to set tighter mortgage rules like reducing allowable amortizations from 35 to 25 years and/or slicing loan-to-value ratios.