Households Must Brace For Higher Rates: CIBC
High debt levels mean rate hikes will take a bite out of budgets
Higher interest rates are looming increasingly large. When they come, Canada’s highly leveraged households are sure to feel the effects, says a new report from CIBC World Markets Inc.’s deputy chief economist, Benjamin Tal.
Original Article Source Credits: Investment Executive, https://www.investmentexecutive.com/
Article Written By: James Langton
Original Article Posted on: Nov 4, 2021.
Link to Original Article: https://www.investmentexecutive.com/news/research-and-markets/households-must-brace-for-higher-rates-cibc/