Tags

, , , , , ,

Canadians consumers are reining in their debt burdens amid repeated warnings on household borrowing from Bank of Canada Governor Mark Carney and other policy makers.

“For the first time in more than a decade, consumer credit in Canada is rising more slowly then in the U.S.,” said CIBC economist Benjamin Tal.

Consumers rein in debt burden, but housing ‘overshooting’: CIBC

Advertisements