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.
Canada's Love Affair with Leverage Since the Mid-2000s
Canada’s love affair with leverage since the mid-2000s has been nothing short of extraordinary.…
