Sentences with phrase «record level of household debt»

Our central bank is especially concerned about the record level of household debt we're carrying.

It suggests the weight of a record level of household debt is starting to feel heavy.

Here are three off the top of my head: Record levels of household debt threaten future spending, too many of our companies need a weaker currency to be competitive, and international energy companies are giving up on Canada as a place to invest.

YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday that the view of the Canadian economy is quite good despite record levels of household debt, and he was confident the central bank can manage the risk of that debt even as interest rates rise.

There's an economic imperative at play, of course: thanks to steadily increasing costs of living, and record levels of household debt, many sexagenarians and even septuagenarians simply can't afford to stop working.

The house - price bubble, combined with record levels of household debt, represent the biggest threat facing the Canadian economy; the sooner real - estate markets mellow and Canadians lower their debt burdens, the better.

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.

But against the backdrop of slow average wage gains and record levels of household debt, she says, «it looks like the average Canadian is about to get into a pretty serious squeeze play.»

Across the developed world, it's contributed to record levels of household debt.

However, Porter says the record levels of household debt piling up in Canada, like in many industrial - world economies, does suggest it will be tougher for the country to grow as quickly as it has in the past.

Not exact matches

That's a drag on growth, but a welcome one if it means households have begun doing something about record levels of debt.

One was to send household debt levels up to nearly 150 % of income, a record.

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.

The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual - and household - level debt and credit records drawn from anonymized Equifax credit data.

However, I suspect that spending by the average household, strapped with a record level of debt, will continue to contract — especially spending on discretionary items.

«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.

Canadians have a debt problem — the key measure of a consumer's debt burden now stands at a record level — which is why Finance Minister Jim Flaherty and Mr. Poloz's predecessor Mark Carney urged households for months to put a lid on it.

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.

«Today's record level of household borrowing reflects the evolution of the financial system and the comfort level of Canadians in taking on debt,» Poloz said.

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

In a country where consumers have grown accustomed to low rates, and where households are burdened with record levels of debt relative to income, this kind of change is worth noting.