Canadians May Be ‘Buying Too Much Car’: Moody’s Sounds Alarm On Bank Auto Loans

Much of the focus on ballooning consumer debt has been tied to housing, but a new report from Moody’s Investors Service points to troubling trends when it comes to buying cars. Bank of Canada bids farewell to forward guidance, leaving the market to work things out on its own Comment: Stephen Poloz is frustrated with theā€¦

Canadians may be ‘buying too much car’: Moody’s sounds alarm on bank auto loans