7 C
New York
Tuesday, March 19, 2024

Bank of Canada eyes overall economy, even as debt, NAFTA weigh: Wilkins

Bank of Canada eyes overall economy, even as debt, NAFTA weigh: Wilkins© Reuters. Bank of Canada Senior Deputy Governor Carolyn Wilkins poses for a photograph following an interview with Reuters in Montebello

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,268FansLike
12,893FollowersFollow
730FollowersFollow
- Advertisement -

Latest Articles

Popular Articles