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Canada financial stability threatened by high property prices
Published Thu, Dec 11, 2014 · 09:50 PM
Ottawa
SOARING real estate prices and high consumer debt could threaten Canada's financial stability, the central bank warned on Wednesday.
The risk of "an adverse shock" to the system has lessened over the past six months due to ongoing global financial reforms including ensuring that banks are well-capitalised, the Bank of Canada said in a report.
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