Consumer Credit, Now 70% of Banks' Loan Book

The Globe and Mail, Roma Luciw, 9 March 2006Even though Canadians are shouldering record levels of personal debt, it would take a dramatic rise in interest rates and a major shift in consumer borrowing before bank earnings would suffer, according to UBS Securities Canada Inc.There has been a shift in the asset mix on the balance sheets of Canada's largest banks, with the consumer-lending portion