Poloz weighs dangers of Canada’s C$2 trillion debt pile
Some households are vulnerable, Bank of Canada governor says
Canada has a debt pile worth C$2 trillion ($1.56 trillion), which has been encouraged by very low interest rates, the Bank of Canada’s Stephen Poloz said on May 1.
The governor said the long-term rise in household debt “took root” around the time inflation targeting helped anchor inflation and interest rates at low levels. The 2008 crisis called for further stimulus, and rates remain low, he said in remarks to the Yellowknife Chamber of Commerce.
“Let me make a very basic and important point
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