Carney Says Canadians Must Prepare for Higher Rates (Update1) (Bloomberg)
Written by Admin on Thursday, December 17th, 2009 in Uncategorized.
Dec. 16 (Bloomberg) — Bank of Canada Governor Mark Carney said consumers and banks should be cautious about adding to household debts because a rise in record-low interest rates to “more normal” levels will leave some borrowers unable to pay.
More: continued here