By Andrea Hopkins
MONTEBELLO, Quebec (Reuters) – Canada’s high household debt is the biggest vulnerability facing the economy and uncertainty about NAFTA is weighing on the outlook, but the Bank of Canada is factoring in the economy’s overall performance as it makes its next rate decision, Senior Deputy Governor Carolyn Wilkins said on Thursday.
While some households will find it extremely difficult to cope with higher debt service costs, the central bank expects both the economy and consumption to continue to grow, Wilkins said in an interview with Reuters.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.