Bloomberg News

Carney Says He’s Not Complacent on Canada Personal Debt, Housing

November 02, 2011

Nov. 2 (Bloomberg) -- Bank of Canada Governor Mark Carney said today he isn’t complacent about the level of household debt in Canada or the state of the country’s housing market.

Carney made the comment in testimony to the Senate Banking Committee today.

The Bank of Canada has highlighted in its financial stability report the risks posed by record levels of household debt, and Carney said in a speech in Vancouver earlier this year that there are signs some local housing markets are moving away from fundamental values.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net


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