Bank of Canada Governor Tiff Macklem, speaking in a newspaper interview, said on Wednesday he saw worrying signs that household indebtedness was worsening as housing prices continue to soar. Macklem’s comments to the Financial Post mark the second time in less than a week that a senior official at the bank has expressed concern about housing prices in Canada, which jumped by 25% in February compared with a year earlier. Macklem also said he was also concerned about signs people were starting to speculate in the housing market.
