BoC says rising house prices, household debt worrisome

Rising house prices and consumer indebtedness, particularly among already indebted Canadians, is a worry because the economic picture could change without warning, Bank of Canada's Deputy Governor Sylvain Leduc said on Monday. Speaking to a House of Commons finance committee, Leduc said the central bank has repeatedly warned about rising debt levels among consumers in case of an unexpected shock, even though the risk of an adverse event is low. "House prices are going up, people are reaching may