Home Economics Consumer debt, overvalued real estate to weigh on banks in 2015: Fitch

Consumer debt, overvalued real estate to weigh on banks in 2015: Fitch

High and “unsustainable” levels of consumer debt, along with regional pockets where housing looks overvalued, are weighing on the outlook for Canada’s banks in the coming year, according to Fitch Ratings. The combination “precipitates a more cautious view of consumer credit and thus a negative sector outlook for Canadian banks,” the ratings agency said Friday. Despite…

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