B.C. most financially vulnerable province: TD
The bank [Toronto Dominion] places its baseline vulnerability at one, for the Canadian average. This year British Columbia was given a score of 1.24, meaning the province's average is 24 per cent more financially vulnerable than the national average.
The bank cited higher home ownership costs in the province for the higher score. The average savings rate is negative in B.C., the only Canadian province in which that's the case. Up to one in ten households in B.C. would be in financial stress if interest rates rise, the report suggested.