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Personal credit line balances up 61% since 2007
Is the consumer up to his/her eyeballs in debt? Depends upon whether you are thinking on a gross or net basis. Looking at the corporate loan books of the Canadian banks (see prior post “Canadian...
View ArticleGovernor Carney’s future political career looking good
The Bank of Canada raised interest rates again this week, and Governor Mark Carney’s decision seems to have gone over just fine. Whew. As promoters of his role in even higher office, it is important...
View ArticleConsumer borrowing outpacing Corporate debt appetite
Consumers have added $45 billion of non-mortgage bank debt over the past 24 months (loans, credit cards and lines of credit), according to data from the Bank of Canada. What about Canadian corporate...
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