![]() ![]() ![]() The big news today is the expected resumption of Canadian National’s rail service between Vancouver and Kamloops, joining Canadian Pacific which restarted its operations in that corridor yesterday. ![]() Peter Routledge, the superintendent of financial institutions, warned on some questionable use of home equity lines of credit, said household credit risk is "growing marginally more fragile", and called for a more aggressive response to the supply-demand imbalance. Then, the country's top banking regulator chimed in. It started with Bank of Canada Deputy Governor Paul Beaudry sounding the alarm yesterday about the "influx" of investors driving up home prices, and potentially spreading risk of a correction that could be painful for highly-indebted homeowners when hot money flees the market. Warnings about Canada's red-hot housing markets are ringing out loud and clear from a pair of the country's top policy leaders.
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