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BOC says consumer debt remains Canada’s biggest domestic risk

BOC says consumer debt remains Canada’s biggest domestic risk

Central Banks
Adam Button
13/06/2013 | 14:31 GMT

Comments from the Bank of Canada Financial System Review:

  • Risks to financial system are still high
  • Household imbalances will be slow to correct
  • Debt-to-income to stay near current levels
  • Sees a ‘constructive evolution’ of household debts
  • Europe crisis poses biggest risks to Canadian banks

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