BOC's Poloz: Still expects growth to pick up later this year

Author: Adam Button | Category: Central Banks

Comments from Poloz and Wilkins:

Comments from Poloz and Wilkins:
  • Closely watching mortgage guidelines that may be shifting lending to private lenders and credit unions
  • Household borrowing is likely to pick up again
The latest numbers have been excellent and (barring trade war risks) there is a real chance that growth is better than BOC forecasts.

  • Canadian housing is benefiting from solid fundamentals
  • Long-term rate risks 'moderate but increasing'
  • Toronto-area housing appears to be stabilizing
  • Risk of severe housing deceleration is falling
  • We should see increasing evidence of growth returning to trend in H2
  • Escalation of US-China trade war remains primary risk
  • Risks on financial system 'enter into the discussion' on what to do with rates

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