On the other hand, leaving the interest rate low encourages the kind of borrowing and spending that has produced record - high levels of consumer debt in Canada and pushed housing prices into the stratosphere. (canadianbusiness.com)
The record high levels of consumer debt among Canadians has also raised a red flag from Bank of Canada governor Mark Carney and others who have warned that interest rates will rise at some point — raising the cost of borrowing. (canadianbusiness.com)
High levels of consumer debt leaves current levels of homebuying and construction resting on a weak foundation. (canadianbusiness.com)