Consumers getting message on debt, but will it last?

Canadian consumers appear to be getting the message that their borrowing binge simply couldn’t run at such a fevered pace.

In its review, the Bank of Canada said that the growth of consumer credit has “continued to moderate” in the past six months, but that it is eclipsing the growth of disposable income and that its simulations “continue to suggest that households are vulnerable to adverse economic shocks.”

via Consumers getting message on debt, but will it last? – The Globe and Mail.

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