Contrary to media Cassandras foretelling dire straights as a result of rising household debt, the FP/COMPAS business leader panel does not see rising debt as a problem, partly because it is linked to real property, and business leaders predict no drop in real estate values even after a rise in interest rates. The CEO and other senior business respondents are resolutely opposed to increasing interest rates or introducing regulatory barriers to household debt. These are the key findings from the weekly web-poll of business leaders and CEOs conducted for the Financial Post by COMPAS under sponsorship of the Canadian Chamber of Commerce.

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