Friday, October 22, 2010

TD: Canadian Housing Debt A Cause For Concern

Canadian Household Debt Rising Faster
Household debt is rising faster in Canada than in the United States and will continue to climb as low interest rates encourage consumers to spend beyond their means, warns a report from one of the country's largest banks. Canadian debt loads have become excessive as consumers become accustomed to easy borrowing, TD Economics said in the report released Wednesday. And it believes debt will continue to rise as long as the Bank of Canada keeps its key lending rate at a historically low level.

Canadian Housing Debt A Cause For Concern Report

No comments: