Research examines where physical risk and financial risk meet in Canada
Mortgage debt, however, rose by a record $99.6 billion
Expected credit losses look low, but tail risks are lurking
Higher borrowing, overheated housing markets are vulnerabilities
The C.D. Howe Institute says budget forecasts downplay the risk of rising government debt
Strong mortgage borrowing drives liabilities to over $2.5 trillion in May
Portfolio flows turned positive in May as foreign debt purchases outweighed Canadian investors' appetite for U.S. stocks
The agency affirmed Canada's AA+ rating, although debt remains a concern
The household debt service ratio also fell while the household savings rate rose
The largest increases in consumer debt were in British Columbia and Ontario