In a speech today at the Guelph, Ontario Chamber of Commerce, Bank of Canada Deputy Governor Lawrence Schembri is emphasizing the bank’s concerns over rising household debt.
He says that rising levels of debt have left Canadians vulnerable to negative shocks. The remarks were made in a speech titled “Connecting the Dots: Elevated Household Debt and the Risk to Financial Stability”. You can read the entire speech here.
You can see watch his complete speech in the video below:
[youtube_sc url=”https://youtu.be/o7tFiQFcnvU” width=”600″ height=”340″]
Business News Network