BoC's Poloz: Escalation of U.S-China trade war remains primary risk

While responding to questions from the press on the Bank of Canada's Financial Review Summary - 2019, which was published earlier in the day, Governor Stephen Poloz said that the escalation of the U.S.-China trade war remained as the primary risk.

Key quotes (via Reuters)

• Risk of sharp increase in long-term interest rates driven by higher global risk premiums is moderate, but uncreasing.
• Closely monitoring risk that stricter mortgage guidelines are shifting consumers towards private lenders and credit unions.
• Decline in global bond yields since the start of the year has lowered Canadian mortgage rates, so household borrowing is likely to pick up again.