Skip to content
Subscriber Only
Business
Economics

Canada's Debt Problem Gets Helping Hand From Economic Boom

  • Bank of Canada releases Financial System Review on Tuesday
  • Worries about impact of higher rates could impede central bank
Pedestrians carry shopping bags in Montreal, Quebec.

Pedestrians carry shopping bags in Montreal, Quebec.

Photographer: Brent Lewin/Bloomberg

Updated on

There are two things that could impede Bank of Canada Governor Stephen Poloz from raising interest rates further in the coming months: worries about the financial system’s ability to cope with higher borrowing costs and concern that plenty of slack remains in the economy.

By the end of this week, the picture should be at least a little clearer on both fronts.