Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee
Earlier:
- Headlines from Q&A of BOC Gov. Poloz and Sen. Deputy Gov. Wilkins
- BOC Poloz: Inflation is on target. BOC will remain cautious on rates
- More from BoC Gov Poloz: Stats on job vacancies a symptom of strong labour market
And, more now:
- Still indication of slack in economy in some areas
- Vast majority of vacancies are lack of skilled workers
- Debt to disposable income should stabilise over time
- Demand for housing remains very strong in Canada
- Inflation rising above 2% is due to temporary factors, we can see through that
(ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: Weekend CAD comments - BOC Gov Poloz says not worried about above target inflation)