31 Oct 2017
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.