Sentences with phrase «high household debt»

Changing interest rates, new Canadian mortgage rules, and higher household debt leaving much of the market uncertain.
At a time when Canadians are grappling with historically high household debt levels — upwards of 163 per cent according to Statistics Canada — young adults are feeling insecure about their knowledge of the financial implications of homeownership.
BoC Governor Poloz's comments yesterday stated that the outlook for the domestic economy is good despite the overhang of high household debt supporting the Loonie.
This announcement, by superintendent Jeremy Rudin of the Office of the Superintendent of Financial Institutions (OSFI), argues that the stress test is needed to reduce the risks associated with high household debt across the country because of «frothy housing markets» in Vancouver and Toronto.
And as organizations such as the IMF and the OECD have constantly warned, high household debt renders the country far more vulnerable to economic shocks.
The International Monetary Fund is the latest voice to suggest high household debt will act as a drag on economic growth in the years ahead.
At a time when Canadians are grappling with historically high household debt levels — upwards of 163 per cent according to Statistics Canada — young adults are feeling insecure about their knowledge of the financial implications of homeownership.
While Canada's record high household debt makes the economy more vulnerable, the bank's cautious approach is helping to manage the risks, Poloz said.
Obstfeld added that the organization sees higher household debt in many places and higher corporate debts.
However they needed to balance anemic inflation and slow income growth against high household debt, meaning interest rates were set to be at record lows for a while yet.
Well - recognized risks: The Bank is focused on the impact of higher rates and high household debt burdens on consumers.
At the same time, it warned risks remain elevated, particularly high household debt levels, and measures to rein in loans to the most highly indebted households will take time to work.
Overvalued house prices and high household debt increases vulnerability to an economic slowdown, with an accompanying rise in unemployment or to higher mortgage rates.
«We believe high household debt relative to disposable income has made the market more susceptible to market stresses like unemployment or interest rate increases,» the agency says in the assessment issued Monday.
However, the bank's statement offset the positives by pointing to potential threats: weakening oil prices that drive down inflation and the significant risks of high household debt accumulated during years of low borrowing rates.
The market has been hit by a confluence of policies: Ontario's Fair Housing Policy, including a foreign buyers» tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada's moves to increase interest rates.
TORONTO, May 1 - The Canadian dollar fell to a four - week low against its U.S. counterpart on Tuesday before paring its decline, as Bank of Canada Governor Stephen Poloz said the outlook for the domestic economy is good despite the overhang of high household debt.
And as organizations such as the IMF and the OECD have constantly warned, high household debt renders the country far more vulnerable to economic shocks.
On the question of Canada's frothy housing market and sky - high household debt levels, he's been nothing if not consistent.
With high household debt, this website provides homeowners with the opportunity to rent out their garden as a campsite to visitors seeking to save money and also experience the local community.
YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.
Poloz said there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the...
High household debt can lead to «deeper and more protracted recessions,» while levels too low among those who can afford it could push home - ownership rates down to sub-optimal levels, the memo said.
TORONTO, May 1 (Reuters)- The Canadian dollar fell to a four - week low against its U.S. counterpart on Tuesday before paring its decline, as Bank of Canada Governor Stephen Poloz said the outlook for the domestic economy is good despite the overhang of high household debt.
Poloz said there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.
A major source of uncertainty is around consumer spending, which has been under pressure from record - high household debt and sluggish wage growth.
High household debt suggests that consumption is an unlikely source of near - term growth.
Bank of Canada governor Stephen Poloz said he expects the nation's high household debt levels will persist for years.
«High household debt - to - asset ratios and debt - service ratios would increase the likelihood of bankruptcy if their debt burdens become unsustainable following an increase in interest rates or if their homeowner equity was eliminated by a decline in house prices,» the report said.
The Bank of Canada has pointed to the potential hazards linked to high household debt — particularly if the country were hit by a severe recession or a prolonged period of increasing unemployment.
Could be high household debt levels, BMO said.
The regulatory regime states that these changes are a result of the confluence of high household debt, and high real estate prices, and low interest rates in Canada.
Meanwhile, David Madani, the Senior Canadian Economist at Capital Economics, says that severe overvaluation, high household debt, and overbuilding is going to make the housing correction end in a way that is deeper and more prolonged than initially feared.
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