Money IMF warns of Canada's high debt levels

06:55  12 october  2017
06:55  12 october  2017 Source:   MSN

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  Elderly couple dead after high levels of carbon monoxide found in Etobicoke home An elderly couple has died after their Etobicoke home was found to have a high level of carbon monoxide. Toronto Fire Services said at 9:26 p.m. at a house on Bywood Dr. and Remington Dr. near Kipling Ave., the man and woman were found in the garage and CPR was performed on scene. They are both in their 80s.Carbon monoxide is a colourless and odourless gas that is common in household appliances such as heating systems and some cooking appliances. A running vehicle engine can also cause carbon monoxide poisoning. Large exposure to it can cause loss of consciousness and death.

The International Monetary Fund warns in a new report of Canada ' s high debt levels and higher -than-average pressure on Canadian households' ability to pay down that debt .

The International Monetary Fund warns in a new report about Canada ’ s high debt levels and higher -than-average pressure on Canadian households’ ability to pay down that debt . The IMF says in its Global Financial Stability report released Wednesday that these dynamics in Canada ’ s private

The International Monetary Fund warns in a new report about Canada's high debt levels and higher-than-average pressure on Canadian households' ability to pay down that debt.

The IMF says in its Global Financial Stability report released Wednesday that these dynamics in Canada's private non-financial sector leaves its economy more sensitive to tighter financial conditions and weaker economic activity.

Canada was named along with Australia, Brazil, China and Korea as countries where the debt-service ratio has risen to high levels.

The IMF also says there was a particularly strong need in these economies for financial sector policy to guard against letting these imbalances grow any further.

The IMF also notes that in Australia, China and Canada, where the ratio of household debt payments relative to disposable income is highest, it has been coupled with a steep increase in house prices.

It warns that past experience shows these two factors can create strain and, with a sharp fall in asset prices, can spill over to the economy.

Millennials stuck paying Ontario's baby boomer debt, watchdog warns .
Unless the provincial government starts tackling its mountain of debt soon, today's younger generation will face big struggles to pay it down, warns a new report. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

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