U.S. economy ‘worrisome,’ get personal financial houses in order, warns Flaherty

Finance Minister Jim Flaherty says a downgrade in the U.S. credit rating would have consequences for Canada's own economy.

As the world watches how the U.S. government will deal with its debt-ceiling issue, Canada's Finance Minister Jim Flaherty is urging Canadians to take control of their personal debt levels because of a likely increase in interest rates, especially on mortgages.

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