The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

 
 
()

SUBSCRIBERS ONLY

Carney barks, but he’s a long way off biting

It took Mark Carney less than one day to lower the heavy artillery he had just aimed at Canadian consumers.

On Tuesday, the Bank of Canada boss had delivered a severe warning to Canadians, through the central bank’s latest monetary-policy-decision statement: In effect, deal with your runaway household debts, or we’ll use higher interest rates to deal with them for you.