Credit-Card Debt of Canadians Finds Eager U.S. Buyers

The video discusses the trend of Canadian banks issuing credit card backed bonds in the US market due to lower borrowing costs compared to Canada. It highlights the enthusiasm of American investors for these securities despite rising consumer indebtedness and default rates. The video compares credit card payment rates between Canada and the US, showing Canadians as more reliable payers. It also identifies Toronto Dominion Bank and Bank of Nova Scotia as leaders in this trend, with expectations of increased supply in the future. The impact of these borrowing costs on consumer credit card rates is also explored.

What concerns have been raised by the Bank of Canada regarding consumer debt levels?

What is the significance of the difference in credit card payment rates between Canada and the US?