Longer car loans, mortgage renewals are risks banks need to keep an eye on, Moody's warns

Rising consumer debt loads aren't a problem for Canadian banks yet, but they soon could be, according to a new report from rating agency Moody's.

In a report released Tuesday morning, the agency warns that the credit quality of Canada's biggest lenders is under threat in part due to longer terms on car loans, and the more than half of Canadian mortgages that will see their rates increase this year.

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