Bank of Canada says credit growth slowing, but risks remain

Mon Feb 11, 2013 4:24pm EST
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OTTAWA Feb 11 (Reuters) - Canadians have been taking on debt at a slower pace recently, but the risk to the financial system from high personal debt levels remains elevated, Bank of Canada Deputy Governor Timothy Lane said on Monday.

"The growth of household credit has shown signs of moderating in recent months," Lane said in the prepared text of a speech he was to deliver at Harvard University in Cambridge, Massachusetts.