Canadians' $2 Trillion Of Household Debt Casts Shadow Over Economy

OTTAWA — Canadians have amassed a $2-trillion mountain of household debt that's casting a big shadow over the timing of the Bank of Canada's next interest rate hike, governor Stephen Poloz said in a speech Tuesday in Yellowknife.

To Poloz, the "sheer size'' of debt burden also means its associated risks to endure for a while, although he's optimistic the economy can navigate them.

The debt pile, he said, has been growing for three decades in both absolute terms and when compared to the...

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