Adam had earlier comments here (with the full text of his prepared statement).
More from Poloz now:
- Willing to accept risks of low-for-long interest rates because we’re not yet out of the downturn
- If there were an economic downturn, we would be vulnerable to a correction in housing prices
- Household debt service could become a problem if there is a significant shock to canada’s economy
- Household debt ratio is sustainable and will gradually ease
