THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Tuesday, June 29, 2010

Central banks warned low rates may be creating "zombie banks"!

Bank of Canada has laid out a plan to gradually raise interest rates while the domestic banks have been tightening mortgage rules. Analysts say the challenge is to do it quickly enough to head off any potential debt bubbles but not so fast as to shock the system and set off a spike in defaults.

Click here to read the entire article on the Financial Post

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