BoC's Poloz: Confident financial system itself is not a source of risk

Following his opening statement, Stephen Poloz, Governor of the Bank of Canada, is responding to questions from the House of Commons Standing Committee on Finance, with key quotes, via Reuters, found below:

  • Confident financial system itself is not a source of risk.
  • Elevated household debt represents ongoing vulnerability of economy to other shocks.
  • We'll be monitoring how households are reacting to those debt levels.

BoC taking the sting out of the CAD's tail - Nomura

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USD/MXN remains above 19.00, holding at highest since April

The USD/MXN pair has been moving in a range since last week, trading on average around 19.15. The last time it did so was back in March...
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