Sentences with phrase «driven household debt levels»

This he presents unequivocally as good news, since it suggests an easing of high, mortgage - driven household debt levels that have been among Carney's more acute longstanding concerns about the Canadian economy.

Not exact matches

But low interest rates, at least in Canada, have pushed household debt to such vertiginous levels that officials like Carney know they shouldn't be counting on consumer spending to drive the recovery — ergo, the call for more corporate investment.

However, unlike in the late 1980s, the current increase in the ratio has been mainly driven by the decisions of households to increase their levels of debt, rather than by a significant and unexpected increase in interest rates.