Overview of Canadian Bail-in Regulations
Canadian Household Credit Growth Moderating
Public policy changes are moderating growth in household credit
• Total household credit grew at 3.1% in nominal terms in 2018 vs 2008 peak of 12.4% y/y
• Consumer loans excluding mortgages (i.e. cards, HELOCs, unsecured lines, auto loans, etc.)
grew at 3.0% in 2018 vs > 5% in late-2017
Mortgage credit grew at 3.1% in 2018 vs 2008 peak of 13%
HOUSEHOLD CREDIT GROWTH
CONSUMER LOAN GROWTH
RESIDENTIAL MORTGAGE GROWTH
20
20
%, 3-month moving
%, 3-month moving average
average
18
15
15
y/y %
change
16
14
y/y %
change
12
10
5
8
20
%, 3-month moving average
18
16
yly %
14
change
12
m/m%
change,
10
SA
10
8
6
4
0
2
0
-5
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
m/m%
change, SA
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
CO
6
4
2
0
m/m%
change,
SA
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
Scotiabank®
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