Finance minister warned about indebted Canadians' increasing vulnerability to higher rates before th

The federal government was warned before the coronavirus pandemic that indebted Canadians could be increasingly vulnerable to higher interest rates, a risk that has been watered down by COVID-19-related monetary easing, but that could re-emerge if borrowing costs rise above their currently rock-bottom levels. The concerns were laid out in a memorandum addressed to then-finance minister Bill Morneau from his deputy in...