Is Canada’s high debt a worry? With its household debt-to-GDP ratio remaining the highest in G7 and with its large current account deficit, Canada looks more vulnerable to disruptions to global capital flows than when it was leading up to the financial crisis of 2007-08, notes HSBC. In his October 7 research piece titled “Owe Canada: the air is getting thin,” David Watt said he believes the low rate backdrop should be leveraged to trim the vulnerability of households. Canada’s high debt: Bank for International Settlements sounds warning bell on Canada’s debt Watt points out that Canada’s non-financial sector debt has shot…
Canada’s High Debt Levels Pose Risk To Financial Stability: HSBC
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports