Financial institution of Canada eyeing excessive client debt when pondering rate of interest hikes

OTTAWA – Canada's central financial institution is learning the impact that increased rates of interest would have on the nation's closely indebted inhabitants because it questions whether or not it’s going to elevate charges, the primary governor stated Friday. Carolyn Wilkins.

"We have to be very conscious that individuals are closely indebted and that rate of interest will increase are going to be … heavier than up to now," she advised the Canadian Broadcasting Company. Canada. "We take it under consideration."

© Thomson Reuters 2019

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