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