Bank of Canada chief warns again on debt levels

Bank of Canada Governor Mark Carney warned again on Sunday that Canadians should take steps to deal with high levels of household debt because interest rates would at some point rise from near-historic lows.

"Canadians could overextend themselves and they could get into a position where the debts that are sustainable at very low interest rates prove unsustainable when rates return to a more normal level," he said in a transcript of an interview with CTV's "Question Period."

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