How Trade War Can Elevate Mortgage Stress in Canada, in Charts

Living Standards Fall To 2004 Levels In Canada's Oil Province — Photographer: Todd Korol/Bloomberg

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By Randy Thanthong-Knight and Mario Baker Ramirez

May 8, 2025 at 3:48 PM UTC

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The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.