Bank of Canada governor Stephen Poloz sent a clear message to those who take on debt levels or borrowing options which could put their financial security at risk; it’s your problem. The governor said Tuesday that he was not surprised that borrowing, including mortgages, has increased under the low interest rates of recent years but that the central bank is not to blame for people’s choices. He said that the level of household debt is not setting the bank’s policies and it is for lenders and borrowers to ensure that they are making the right decisions based on their circumstances. 
 

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