Speaking in Calgary

BOC Deputy Governor Lynn Patterson is speaking in Calgary. She adds:

  • Private mortgage securitization may help diversify funding
  • Sees important increase in uninsured mortgage space
  • Private label mortgage securitization could benefit the economy if developed appropriately
  • Mortgage securitization would divesity funding sources
  • Discussions with oil industries fed into decision to lower interest rates in 2015.
  • Economic shock from oil is largely behind us