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Bank of Canada Governor Mark Carney arrives to field media questions after giving his opening address at the Vancouver Island Economic Alliance Conference in Nanaimo, B.C. at the Vancouver Island Convention Centre Monday October 15, 2012. (Chad Hipolito/CP)
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Bank of Canada fires a warning shot over debt
DAVID PARKINSON
— The Globe and Mail
Published
Last updated
The Bank of Canada has been escalating a war of words over Canadians’ household debt to some time now. On Tuesday, it fired a serious shot across the bow.
In the statement accompanying the central bank’s scheduled monetary policy decision (to no one’s surprise, it left its key policy rate unchanged at 1 per cent), the bank made a conspicuous change to its language from previous statements regarding the factors that will influence when it decides to start raising rates:
