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BCA report titled “Canada: Canary In The Coal Mine?” covering U.S. yields, inflation, recession risk, and equity positioning.

Canadian economic growth slowed significantly in Q2, raising the question of whether one of the most indebted economies in the world is buckling under the weight of tight monetary policy. 

Contrary to a popular narrative in Canada, the country’s increase in household sector debt over the past two decades has mostly been a demand-driven phenomenon caused by low interest rates.