Another quarter update - nothing really new or surprising. Carney did point out that the debt loads are higher than in the US/UK already earlier this week.
http://business.financialpost.com/20...highs-statcan/
Canadian households are still borrowing more than they can afford, despite continued warnings from the Bank of Canada, the latest data from Statistics Canada showed Tuesday.
The ratio of credit market debt to personal disposable income rose to a new record high of 150.8% in the third quarter of 2011, the third straight quarter the figure has gone up.
“The greatest risk to the domestic economy is household debt,” Bank of Canada Governor Mark Carney said in an interview with the CBC on Tuesday morning, again sounding the alarm bell on excess borrowing.