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- Bank of Canada, Fed should focus on rising delinquencies, defaults, bankruptcies 'before it's too late'
Bank of Canada, Fed should focus on rising delinquencies, defaults, bankruptcies 'before it's too late'
Paul Kim of Rosenberg Research describes how the rise in bankruptcies has not only caused lenders to tighten their standards but also decreased demand for credit, disclosing that the most recent loan officer surveys for both the US and Canada showed lending standards actually tightening despite recent interest rate cuts.