Canadian Debt skyrockets as Banking Crisis looms.
Canada is among the economies most at risk of a banking crisis, according to early-warning indicators compiled by the Bank for International Settlements.
Canada — whose economy grew last year at the fastest pace since 2011 — was flagged thanks to its households’ maxed-out credit cards and high debt levels in the wider economy. Household borrowing is also seen as a risk factor for China and Hong Kong, according to the study.
“The indicators currently point to the build-up of risks in several economies,” analysts Inaki Aldasoro, Claudio Borio and Mathias Drehmann wrote in the BIS’s latest Quarterly Review published on Sunday.
Canada in big big trouble. Everyone living on Credit these days.
Thanks for sharing steam. I think you can post more.
nowadays banking system is more populer for security and saving money.we can not expect risk of a banking crisis. @upvoted @resteemit