Portfolio flows turned positive in May as foreign debt purchases outweighed Canadian investors' appetite for U.S. stocks
The agency affirmed Canada's AA+ rating, although debt remains a concern
The household debt service ratio also fell while the household savings rate rose
The largest increases in consumer debt were in British Columbia and Ontario
Buildup in debt poses a long-term risk to banks' operating environment
The unprecedented figure was caused by an equally unprecedented economic shock
The PBO estimate that budget deficits over the next five years will be $117.1 billion more than pre-budget forecasts
Regulators looking for conflicts in leveraged loan and CLO markets
In its latest report, the central bank raised concerns about Canada's heated housing market
The increase reflected a return to pre-pandemic levels after a year of record lows