Trade War Threatens Progress Made on Financial Stability, Creating Higher Risks: BoC

Trade War Threatens Progress Made on Financial Stability, Creating Higher Risks: BoC
The Bank of Canada is seen in Ottawa, on April 16, 2025. The Canadian Press/Justin Tang
The Canadian Press
Updated:
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The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday.

The central bank says in its latest Financial Stability Report that households at the start of the year had, on average, less debt relative to their income than a year earlier, while insolvency filings by businesses had dropped significantly.