Canadian Economy Nears Dangerous Juncture As Banks Face Multiple ThreatsMark Melin
UPDATED by Mark Melin on 3.14.18 at 6:41 PM EST
As overall Canadian consumer debt continues to rise, key risk trends are growing among the nation’s seven largest banks. A report from Moody’s Investors Service notes greater vulnerabilities as interest rate hikes loom on the horizon.
“The strong credit quality of Canadian consumer loans, thanks largely to record low unemployment in recent years, is under threat on several fronts,” Moody’s analyst Jason Mercer . . .
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