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Canadian Household Credit Gets Weighed Down By Falling Consumer Growth

Canadian households didn’t need incentive to borrow, as credit growth was already accelerating. Bank of Canada (BoC) data shows the outstanding balance of household debt reached a new high in February. The rise of debt was due entirely to inflating mortgage balances. Consumer credit, the other major segment, continued to nosedive – printing a second […]

The post Canadian Household Credit Gets Weighed Down By Falling Consumer Growth appeared first on Better Dwelling.

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