household borrowing
Watch 5 Household Debt Drivers vs Rising Interest Rates
Watch 5 Household Debt Drivers vs Rising Interest Rates In the first quarter of 2024, Canadian household borrowing rose 4.2%, and that uptick directly fuels the debate over whether the BoC will tighten again. The five primary debt drivers - mortgages, credit-card balances, student loans, auto loans, and HELOCs