Today, repayment plans span generations, and some economists
warn high debt levels amount to a bubble on the verge of popping.
Not exact matches
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.
In the case of the household sector, both Mr. Flaherty and the Governor of the Bank of Canada are
warning Canadians about their
high debt levels and urging them to curtail their consumption and to reduce their
debt.
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.
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.
Even as
warning signs mounted — the company carried
high debt levels and profits were declining — Rogers held on, hoping for a turnaround.
Earlier this month, the International Monetary Fund
warned in its Global Financial Stability report of Canada's
high debt levels and
higher - than - average pressure on Canadian households» ability to pay down that
debt.
The typical
warning signs — excessive
debt levels, poor quality loans, exponentially increasing home prices, rising vacancy rates and / or poor affordability compared to the past, and a
high number of internet searches on house flipping — are not present.»
«Carney also says future interest rates may be downwards — which in theory would be good news for would - be buyers — but he also
warns buyers to avoid
high levels of
debt.»