Bank of Canada raises concerns about household debt amid high inflation – June 9, 2022

Bank of Canada Governor Tiff Macklem holds a news conference in Ottawa to discuss this year’s financial system review. The annual assessment notes that although the financial system is sound and has weathered the upheaval brought on by the COVID-19 pandemic well, there are concerns about high household debt levels amid high inflation and rising interest rates. He is joined by Carolyn Rogers, senior deputy governor of the Bank of Canada.