Bank of Canada must open people's eyes to debt sinkhole danger

CBC NEWS

PiTTIS

There is a risk that Canada will fall into an Ottawa sinkhole of debt, and worse, there is a serious danger that Canadians will tumble in without having understood the hazard. But there is something the Bank of Canada could do about it. As we saw on Thursday, Bank of Canada governor Stephen Poloz appears terrified of disturbing our economic road built on inflated house prices and unsustainable debt. Poloz repeatedly said he is not predicting a real estate downturn, just that "the risk, whatever it is, is growing."

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