"We judge that the probability of an adverse shock has eased since our June (financial system review)," Bank of Canada governor Stephen Poloz said in a statement.

"This mitigates our observation that some financial vulnerabilities appear to be edging higher."

In addition to rising consumer debt, the review warned of the potentially overvalued housing market, increased risk taking in financial markets and emerging threats, such as weakening commodity prices and the plunging price of oil.

https://ca.finance.yahoo.com/news/high-household-debt-still-key-risk-canadian-economy-153746921.html