WHY HIGH CANADIAN HOUSEHOLD DEBT IS MANAGEABLE Canadian household debt has swollen to record highs during a period of low mortgage rates, but an economist with Canada's sixth-largest bank says the debt level is "manageable". "Analysts often raise alarm bells by pointing to measures such as debt-to-disposable income. But as we often caution, comparing a stock variable such as debt to a flow variable such as income has its limitations," writes Krishen... [read more]