Sentences with phrase «rising household debt levels»

* Mr. Rosenberg also notes that Canadian policy makers and regulators have been pro-active in responding to our rising household debt levels while their U.S counterparts were basically asleep at the switch until it was too late (hyperbole mine).

Not exact matches

U.S. household debt rose to a level not seen in five years in the third quarter of 2013, according to the latest data from the Federal Reserve Bank of New York.

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.

«Canadian policy - makers have allowed household debt to rise above the disturbingly high levels reached in the U.S. in 2007, raising the risk of a similar potentially disastrous deleveraging down the road,» Madani wrote.

The central bank has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise, as is widely expected over the coming months.

As prices have kept rising, Canadians have eagerly taken on mortgages, and household debt levels have soared to record levels.

The third question we have focused on over recent times is the implications of the high and rising level of household debt.

When this happens and as debt levels rise relative to debt servicing capacity, at some point the major stakeholders — including businesses, creditors, household savers, workers and so on — became uncertain enough about how this gap will be allocated that they take steps to protect themselves from this uncertainty.

The recent rise in the debt - servicing ratio is largely a result of households increasing their debt levels, rather than an unexpected sharp rise in interest rates, as occurred in the late 1980s.

While household debt levels in the UK and US have declined since the 2008 financial crisis, levels in Australia have continued to rise.

«Households with relatively high incomes, couples with children, and people living in growing regions tend to cause overall debt levels to rise,» says Roger Sauvé, a demographer at People Patterns Consulting.

The bank also expects the powerful pace of household spending — particularly in residential investment — to eventually slow next year as debt levels and borrowing costs rise.

But the level of household debt continues to rise, hitting 171.1 per cent of disposable income in the third quarter.

An accompanying chart in the CMHC presentation showed that between 2010 and 2016 Canada's household debt - to - GDP level rose by more than five percentage points.

BMO chief economist Doug Porter says he doesn't dispute the broader conclusion that a rising household debt - to - GDP level poses risks for growth.

«High and rising household debt - to - income levels leave both borrowers and lenders vulnerable to an economic downturn, despite strong consumer credit quality metrics to date,» reads the report.

The lower rates came at a time when Ottawa is trying to warn consumers against taking on too much debt, worried that household debt levels across the country are rising too quickly.

In other words, rising student debt levels aren't just the result of a cost shift from the public to the individual family, but within the household from the family to the individual student.

His exact words were that we «must be vigilant» and not let rising levels of household debt spiral out of control.