High Debt and Low Productivity Leave Canada Vulnerable as Rates Rise
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Canadian households facing larger and quicker payment shocks from rising rates due to high debt and mortgage structure.
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U.S. running much more stimulative fiscal policy through deficit spending and incentives.
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Low productivity dragging on Canada's economy while surging in the U.S.
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Bank of Canada expected to cut rates before the Fed due to weaker Canadian economy.
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Weaker Canadian dollar expected but not a major issue if Fed cuts rates soon after.