Behind Door # 1, public corporations with
record high debt loads will be rolling over obligations and «refinancing» them at higher borrowing terms.
Canadians took on
a record high debt load during the post-recession housing boom, taking advantage of five years of ultra-low rates.
Not exact matches
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 strong expansion of household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians»
record -
high debt loads.
About four - in - ten U.S. households (37 %) headed by an adult younger than 40 currently have some student
debt — the
highest share on
record, with the median outstanding student
debt load standing at about $ 13, ooo.