More comments from BOC's Poloz:

  • Effects of BOC's two rate cuts this year are working through the system
  • Asked about Fed hike, said flexible exchange rate is stress reliever as monetary policy diverges internationally
  • BOC was fully consulted on Friday's mortgage rule changes by finance department
  • There is no comparison, no similarity between US housing/banking situation before housing crash in 2007 and the Canadian situation
  • Expects Canadian economy to gain momentum through 2016 and 2017