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Canadians are now carrying $1.821 trillion of consumer debt.
A new warning says Canadians couldn't handle substantial interest rate hikes, just as rates are hiked.
Consumer-driven economic growth is unsustainable, BIS warns.
"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