The Bank of Canada is warning that 1 in 8 households, about 12 per cent, are at the greatest risk from a rise in interest rates due to their levels of debt.
The Bank of Canada is warning that 1 in 8 households, about 12 per cent, are at the greatest risk from a rise in interest rates due to their levels of debt. They are the ones whose debt levels are more than twice their income. While the bank is not suggesting that those with the highest debt burdens are necessarily in danger of defaults the underlying suggestion is that households would be well advised to reduce their exposure to higher rates.
