Housing Correction Possible: Carney

Housing Correction Possible: Carney
Bank of Canada governor Mark Carney agreed Tuesday that an abrupt correction in Canada's housing market is possible.Appearing before the Commons finance committee and responding to a question from Nova Scotia MP Scott Bryson, Carney said he was not predicting a significant drop in prices, but given how far prices have risen and the high level of Canadians' household debt, it could not be ruled out.