The Bank of Canada says households can weather higher borrowing costs, but flagged rising asset valuations and financial stress among renters as risks to the outlook.
See Also
Bank of Canada Monetary Policy Report: What It Means for Everyday CanadiansBank of Canada cuts key interest rate again, more cuts 'reasonable' if inflation keeps easing | CBC NewsCanada’s inflation rate—and what it means for your investments - MoneySenseCanadians are “proactively” adjusting to higher interest rates, and the financial system “remains resilient,” the central bank said in its annual review of the system published Thursday. And while payments have risen for about half of the country’s mortgages, households have higher wages and savings, officials said, and they’re adjusting their spending patterns.
