Comments from BOC head Stephen Poloz following the release of their financial review
Oil prices have recovered some ground
Potential for a downturn in housing is growing
- Alberta fires are a significant near term risk for growth
- Export recovery is uneven and hasn't translated into stronger investment spending
- Bank will stay focused on its inflation goal
- Only extreme financial risk would swing the bias of policy
If there's one housing bubble that's ready to pop it's Canada's
