Macklem Says Homeowner Debt Helped Spur Early Bank of Canada Rate Pause
Bank of Canada Governor Tiff Macklem conceded that rate hikes have hit the country’s homeowners hard, saying the impact of higher borrowing costs on consumers is a major reason why he chose to hit pause before the US Federal Reserve.
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### Instruction: Macklem Says Homeowner Debt Helped Spur Early Bank of Canada Rate Pause

### Response: Bank of Canada Governor Tiff Macklem conceded that rate hikes have hit the country’s homeowners hard, saying the impact of higher borrowing costs on consumers is a major reason why he chose to hit pause before the US Federal Reserve.