Governor of the Bank of Canada, Stephen Poloz spoke with Canadian media Globe and Mail over the weekend

  • Said its "pretty clear'' that Home Capital's situation is "idiosyncratic"
  • Said the problems at HGC were contained and
  • Said he sees no signs that HCG has triggered contagion

Bloomberg for more

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Poloz was speaking on the sidelines of the Group of Seven meeting of finance ministers and central bankers, in Bari, Italy.

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Earlier on HCG:

  • CAD - latest on HCG - uncertainty over funding capabilities putting its future in doubt
  • Did the bell just ring for a plunge in Canada's real estate market?
  • Liar loans threaten to kick off Canadian housing crunch as scandal hits
  • Blackrock warns not to ignore Home Capital 'woes' (I reckon they're right)
  • Canada's HCG: risk of disorderly fallout, could hurt credit markets, economy