Higher public debt has helped slow build-up of household debt: Bank of Canada

OTTAWA — The federal government’s steps to amass more public debt have helped Canadians avoid an even faster build-up of their personal debt loads, even though such household burdens have still managed to hit historic highs, the Bank of Canada governor said Tuesday. Stephen Poloz said Ottawa’s spending in the last couple of years on programs such as enhanced child benefits and infrastructure, have contributed to economic growth. The extra public investments […]

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