VIDEO: Canada's Love Affair with Leverage Since the Mid 2000s

BCBC videos feature event highlights, perspectives from B.C.’s leading employers and insights from our economic and public policy experts
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October 29, 2019

By any standard, Canada’s economy is highly leveraged. This predicament underscores the importance of belated actions by the federal government to tighten mortgage qualifying rules in 2017 and 2018. It also underscores the urgency of structural reforms to raise productivity growth and real wages to facilitate debt consolidation and reduce the economy’s vulnerability to adverse economic developments going forward.

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