"ECONOMY IMPROVING" SAYS BANK OF CANADA

Oct 24, 2012

By Michael Kramer

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The Bank of Canada has issued a report that says the Canadian economy is improving after hitting a snag in the summer.

But there’s still concern over the high level of household debt in this country.

Bank of Canada Governor Mark Carney says raising interest rates is an option, but not unless there’s no other way to rein in household debt.

Carney says the bank will consider the vulnerability of family finances in future decisions.

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