There is a considerable monetary policy support to generate a complete recovery says BOC Govenor. The bank will keep an eye on debt levels, as mortgage debt rises as households pay down other debt like credit cards and personal loans “We are acutely aware that in a world of very low interest rates, there is a risk that housing prices could get stretched, households could get stretched, and certainly that’s a risk we want to guard against,” Macklem told reporters . # SANDI HALPERN # LEASED # SOLD # BANK OF CANADA
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