Opening Statement by Stephen S. Poloz | Forex Factory

  • Opening Statement by Stephen S. Poloz

    From bankofcanada.ca Story is in PDF Format

    Good morning, and thank you for being here today. Senior Deputy Governor Wilkins and I are pleased to be with you to talk about the latest issue of the Bank’s Financial System Review (FSR), which we published today. Let me quickly remind everyone about the purpose of the FSR—to identify key vulnerabilities in the financial system, which can interact with and magnify economic shocks. We monitor the evolution of these vulnerabilities, and then apply a set of risk scenarios to look at the potential implications for the financial system and economy if a significant shock were to occur. The main vulnerabilities that ... (full story)

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4xNewGuy
Jun 7, 2018 11:20am
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It amazes me how these talking heads are so full of shit. How could they even have an optimistic outlook when they're about to put a 10% tariff on lots of consumer goods coming from the U.S.? Any increase in wage is not even coming close to compensating for the increases in things like housing and gas prices. NOW you also add in those tariffs.... Who does this asshole think he's fooling?
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fxx360
Jun 8, 2018 6:33pm
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The Canadian economy is heading into a recession which will result in job losses (take a look at today's job report), which will bring down the housing market .
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Trader#70B0
Jun 7, 2018 10:18am
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As well, a solid expansion in the Canadian economy is
leading to strong growth in employment and income and, over time, this will
support Canadians’ ability to manage their debt, even at a time of rising interest
rates.
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Trader#92C7
Jun 7, 2018 10:32am
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Quoting Guest
As well, a solid expansion in the Canadian economy is leading to strong growth in employment and income and, over time, this will support Canadians’ ability to manage their debt, even at a time of rising interest rates.
and also improving overall growth
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