Bank for International Settlements
There's something to be said for a calmer pace of borrowing.
Canadians are now carrying $1.821 trillion of consumer debt.
But the risk is easing, data shows.
A new warning says Canadians couldn't handle substantial interest rate hikes, just as rates are hiked.
We led the world in house price growth in Q1, but the party may be over.
Consumer-driven economic growth is unsustainable, BIS warns.
"Credit growth continues to be unusually high relative to GDP."
One major sign the global economy has gone full-on insane.
"We may not be seeing isolated bolts from the blue, but the signs of a gathering storm that has been building for a long time."
When it comes to risky banking, Canada and the U.S. may be trading places. The Bank for International Settlements (BIS) has