Economic outlook supportive for banks, but risks are all to the downside
Faster mortgage growth, HELOCs push debt over the $3 trillion mark
Loans and margins are growing, but credit provisions and expenses up too
Economists predict that U.S. mortgage rates will hover around 6% in 2025
Mortgages, credit card balances grow faster in September: StatCan
Policy shift to stoke inflation, hurt growth, intensify uncertainty
Policies have affected credit growth, housing prices, delinquencies
More than one million contracts are up for renewal next year
Consumer spending supported by immigration-driven population growth
Mortgage borrowing powers debt rise, credit card balances up too