Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee


And, more now:

  • Still indication of slack in economy in some areas
  • Vast majority of vacancies are lack of skilled workers
  • Debt to disposable income should stabilise over time
  • Demand for housing remains very strong in Canada
  • Inflation rising above 2% is due to temporary factors, we can see through that

(ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: Weekend CAD comments - BOC Gov Poloz says not worried about above target inflation)