Could cheap auto loans cause a bubble?

Some auto companies in Canada are offering eight-year interest free loans, and this is causing a spike in car sales, reports the Globe and Mail. But because these cars are being purchased on credit, this news is cause for concern, says General Motors Canada president Kevin Williams. In fact, it’s comparable to the spike in […]

October 9, 2013 | Last updated on October 9, 2013

1 min read

Some auto companies in Canada are offering eight-year interest free loans, and this is causing a spike in car sales, reports the Globe and Mail.

But because these cars are being purchased on credit, this news is cause for concern, says General Motors Canada president Kevin Williams. In fact, it’s comparable to the spike in home sales during the U.S. housing bubble.

IMF upgrades its forecast for China’s economy

More Canadians making only minimum payment on credit cards: TransUnion

Business optimism grows in Q2: StatsCan