Consumers could be facing higher borrowing costs for longer as bond markets are once again signalling rising economic risk to the finance and investing community.

The federal government says at least 32 Canadians are reported missing in an area spanning parts of Nepal and Tibet, an autonomous region in China, after devastating floods.

A series of flash floods has destroyed villages in parts of Nepal and Tibet, as experts say a falling glacier likely triggered a chain reaction of events that could get worse.

The number of Canadians missing in Nepal and the Tibet region after a series of catastrophic flash floods has climbed to 30 from 25 Wednesday, according to the federal government.