Risk Of A Canadian Debt Crisis Has Come Down. A Lot.
Has Canada's economy dodged a bullet?
The measures policymakers have put in place to cool down household borrowing appear to have had at least one positive effect: The risk of a debt crisis in Canada has come down significantly over the past year.
The Geneva-based Bank for International Settlements (BIS), a sort of "central bank of central banks," tracks countries' exposure to a banking crisis through a measure known as the credit-to-GDP gap.
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