Sentences with phrase «record high debt level»

Bank of Canada Governor Mark Carney has repeatedly warned Canadians to simmer down on their borrowing costs — but that hasn't stopped us from racking up a new 8 - year record high debt level.

Not exact matches

According to the Institute of International Finance (IIF), global debt levels rose by a further $ 21 trillion last year (US dollars), leaving total outstanding debt at $ US237 trillion, the highest level on record.

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.

In its latest statement, it said «household vulnerabilities have moved higher,» which is how policy makers describe the troubling nexus between excessive housing prices in many cities and record levels of household debt.

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.

An August Trans - Union report revealed that Canadians hold, on average, $ 26,221 in non-mortgage debt, the highest debt levels the credit - rating firm has ever recorded.

Any number of shocks could send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches households already carrying record high levels of debt.

Currently at record high levels, BCHP funding will increase debt for many home buyers who take advantage of this program, as it will serve as a second mortgage owed to the British Columbia Housing Management Corporation.

I believe that Canada's high house prices in relation to incomes, combined with record household debt levels and overinvestment in residential construction, will cause a severe correction in the real estate market.

Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already - unpayable levels at an accelerating rate.

«He doesn't want to leave any question about the independence of the Governor of the Bank of Canada, but we have a situation under the Conservative government that has allowed record household debt... and the bank is really caught between a rock and a hard place, because these high debt levels create pressure for higher interest rates, but inflation is very low.

But because the equities market is at such high levels with a record margin debt, this combination along with the shift in investor sentiment could lead to a significant and dramatic sell - off.

Low oil prices have taken their toll on an already weak Canadian economy, where household debt levels are at record highs and business investment continues to lag.

After all, the debt - to - income ratio of Canadians is at a record high, close to the levels experienced in the United States before its market crashed, and home ownership is at nearly 70 $, also a record and five points more than its neighbours to the south.

The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their spending capacity is stretched thanks to a record high level of household debt.

These low rates have encouraged investors in recent months to pile on risk, taking U.S. equities markets to record highs earlier this year despite an economy that's still being slowed by relatively high unemployment, huge debt levels, and tighter government spending.

According to a recent Reuters report, global debt levels are now at a record high of $ 233 trillion, up from $ 142 trillion in 2007 and $ 87 trillion in 2000.

Euro - denominated international corporate debt increased by nearly 70 % last year to the second - highest level on record.

The threat to cut higher education assistance programs comes at a time when states around the country are increasing tuition at public universities, community colleges are experiencing record enrollments and student debt continues to reach record levels each year.

Across the border, home owners are defaulting on their mortgages in record numbers because they loaded up on mortgage debt at teaser rates and are unable to make mortgage payments when the rates reset at a much higher level.

The possibility of an increase in the prime rate offered by lenders comes as household debt levels sit near record highs.

So even with a high level of debt, the carrying costs of that debt, are also at record lows, so if you have a good income you can carry high levels of debt.

Household debt levels are at record highs relative to income and interest rates are at record lows.

As of end - September 2017, margin debt on the NYSE was a record $ 559.6 billion, which is to be expected as U.S. equity indices were also near all - time highs, and stock market peaks and record levels of margin debt often coincide.

TORONTO, ON - The average Canadian will spend 8 per cent more this holiday season than they did last year, and with Canadian household debt at a record high, many people will be facing significant debt levels come January.

The revolving debt level passed the record high set in April 2008, when it reached $ 1.02 trillion.

«Will fiat currencies survive the policy dilemma that the authorities will experience as they try to balance higher yields with record levels of debt?