A long trade war could mean more financial stress: Bank of Canada

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8).The central bank says in its latest Financial Stability Report that at the start of the year, households had, on average, less debt relative to their income than a year earlier, while insolvency filings by businesses had dropped significantly.“The country’s financial system has faced unprecedented shoc