Canadian Economy Nears Dangerous Juncture As Banks Face Multiple Threats

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 . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0