net_left adver left

Bank of Canada sees growing risk from highly-indebted households

Friday, June 10, 2022
Bank of Canada sees growing risk from highly-indebted households © Reuters. FILE PHOTO: A family passes a house for sale listed at a price of $999,000 ($799,000 USD) on Mount Pleasant Road in Toronto, Ontario, Canada August 6, 2017. REUTERS/Chris Helgren

By Julie Gordon and David Ljunggren

OTTAWA (Reuters) -The Bank of Canada on Thursday said the country's financial system faced an increased risk from highly indebted households, notably the rising number of people who have stretched to buy homes at elevated prices and are now vulnerable to rate hikes.

"The Bank is paying particular attention to the fact that a greater number of Canadian households are carrying high levels of mortgage debt," it said in an annual financial system review, highlighting a sharp increase in high ratio mortgages.

"These households are more vulnerable to declines in income and rising interest rates."

The central bank said assessing the ongoing risks tied to the high household indebtedness had become more complex, but overall "the vulnerability has increased."

But while overall risks to Canada's financial system have become more elevated in the last year amid geopolitical tensions, high inflation and rising interest rates, key institutions remain resilient, the bank said.

The Bank of Canada increased its policy rate to 1.5% from 1.0% last week, its second consecutive 50-basis point hike, and signaled an aggressive tightening path ahead as it looks to curb inflation at a 31-year high.

Housing prices surged in Canada amid the pandemic, rising more than 50% in two years, but the market has cooled slightly in recent months. The bank said it was too soon to tell if the pullback was temporary or "the beginning of a substantial correction in prices."

Some highly-indebted Canadians who took out mortgages in 2020/21 could see their monthly payments jump by as much as 45% in 2025/26, the central bank said.

The Canadian dollar weakened to 1.2604 to the greenback, or 79.34 U.S. cents, down 0.4% on the day.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-06-2022 21:35:40 (UTC+7)

EUR/USD

1.0580

+0.0026 (+0.25%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0580

+0.0026 (+0.25%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2291

+0.0029 (+0.23%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

USD/JPY

135.21

+0.04 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6934

-0.0014 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (3)

USD/CAD

1.2899

+0.0006 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

EUR/JPY

143.04

+0.38 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0130

+0.0021 (+0.21%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

Gold Futures

1,827.05

-3.25 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

Silver Futures

21.323

+0.164 (+0.78%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (4)

Copper Futures

3.7665

+0.0220 (+0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

108.48

+0.86 (+0.80%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Brent Oil Futures

109.95

+0.85 (+0.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

6.250

-0.031 (-0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

US Coffee C Futures

220.55

-2.70 (-1.21%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

3,532.65

-0.52 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

S&P 500

3,905.80

-5.94 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

13,160.68

+42.55 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,248.15

+39.34 (+0.55%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

Hang Seng

22,229.52

+510.46 (+2.35%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,764.40

+1.94 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

IBEX 35

8,206.89

-37.21 (-0.45%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (3)

BASF SE NA O.N.

42.745

+0.530 (+1.26%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

59.37

+1.58 (+2.73%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (2)

Allianz SE VNA O.N.

180.91

-0.29 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

172.02

+1.66 (+0.97%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

Deutsche Lufthansa AG

5.968

+0.002 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Siemens AG Class N

103.70

+1.08 (+1.05%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (5)

Deutsche Bank AG

8.791

-0.128 (-1.44%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (1)

 EUR/USD1.0580Neutral
 GBP/USD1.2291Buy
 USD/JPY135.21↑ Buy
 AUD/USD0.6934Neutral
 USD/CAD1.2899↑ Sell
 EUR/JPY143.04↑ Buy
 EUR/CHF1.0130Neutral
 Gold1,827.05↑ Sell
 Silver21.323Neutral
 Copper3.7665↑ Buy
 Crude Oil WTI108.48↑ Buy
 Brent Oil109.95↑ Buy
 Natural Gas6.250↑ Buy
 US Coffee C220.55Neutral
 Euro Stoxx 503,532.65↑ Buy
 S&P 5003,905.80↑ Buy
 DAX13,160.68↑ Buy
 FTSE 1007,248.15↑ Sell
 Hang Seng22,229.52↑ Sell
 Small Cap 20001,764.40↑ Buy
 IBEX 358,206.89Neutral
 BASF42.745↑ Buy
 Bayer59.37↑ Buy
 Allianz180.91↑ Buy
 Adidas172.02Sell
 Lufthansa5.968↑ Sell
 Siemens AG103.70Sell
 Deutsche Bank AG8.791Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,775/ 6,845
(15/ 5) # 1,667
SJC HCM6,790/ 6,860
(5/ -5) # 1,683
SJC Hanoi6,790/ 6,862
(5/ -5) # 1,685
SJC Danang6,790/ 6,862
(5/ -5) # 1,685
SJC Nhatrang6,790/ 6,862
(5/ -5) # 1,685
SJC Cantho6,790/ 6,862
(5/ -5) # 1,685
Cập nhật 27-06-2022 21:35:42
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,826.46-4.5-0.25%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$108.66-1.98-1.82%
Brent$114.08-1.72-1.51%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.932,6125.273,13
GBP27.815,2929.001,83
JPY167,64177,48
KRW15,5718,97
Cập nhật lúc 18:53:21 27/06/2022
Xem bảng tỷ giá hối đoái
adver main right