29 January 2019

“The BoC means that the disease itself may a cure”, – Tal said. “It’s possible that a stronger sensitivity to rate increases will not let them skyrocket”.

According to Tal, the overall rate of consumer bankruptcy has been in fact going down during the previous few years.

“There’s nothing to talk about”, – he said, noting that Alberta, which saw the highest insolvency rates last year, and the western provinces are not the indicators of the overall national result.

“Alberta is in an absolutely different situation, depending on oil prices, and it’s not so good”.