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Canadian Banks Increase Loan Loss Provisions as Consumer Insolvencies Rise

It is no secret Canadian households are extremely leveraged. In fact, they are the most indebted in the G7. Except it hasn’t really mattered, since house prices apparently only go up, and nobody goes bankrupt anymore because central banks won’t allow it to happen. However, those beliefs are now being put to the test amidst […]

The post Canadian Banks Increase Loan Loss Provisions as Consumer Insolvencies Rise appeared first on Steve Saretsky.

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