Risk 4: Will consumers rein in their spending? The fourth risk we’ve been giving special attention to is the possibility that Canadian households might become more cautious in their spending. At the heart of this uncertainty is the high level of household debt.
1 From the outset, this guidance is aimed towards financial market infrastructures, overseers, supervisors and authorities, making it clear that our response to cyber risk must be a collective and united effort, based on a partnership model.