David Rosenberg: Housing is set for a monstrous fall-off and the Bank of Canada is underestimating the economic risks - The Globe and Mail

The unsustainable levels of household debt will not only hinder future economic growth but will also ensure that the upcoming recession will be far more disastrous than many believe

As the Bank of Canada continues tightening monetary policy in the coming months, the Canadian economy will have to confront the reality that its unsustainable household debt load will act as a constr… [+5307 chars]

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