Canadian central bank lays out three ‘key’ vulnerabilities in financial system
Warns vulnerability associated with household indebtedness is ‘edging higher’
The Bank of Canada has warned vulnerability associated with household indebtedness is "edging higher" in its latest financial system review, published on June 11.
It attributed the growing risk to an increase the level of household debt – though the overall quality of the debt remains high – and the "ongoing negative impact on incomes from the sharp decline in oil prices".
The central bank identified two other "key financial system vulnerabilities" in the report, including imbalances in the
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