Stephen S. Poloz - Bank of Canada

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Last quote by Stephen S. Poloz

I'm happy that there are measures, it's a risk we've been highlighting. How will they work? Well, some of them are similar to what happened in Vancouver, (that) seems to have had some effect on the Vancouver market, we are still monitoring that, so I have every reason to believe they will make a contribution. I think you are actually playing with, or trying to influence, psychology more than fundamentals. Some of those things (Ontario measures) were about fundamentals, so there are many things going on.feedback
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Apr 22 2017
This page is completely dedicated to what Stephen S. Poloz has to say. All of Stephen S. Poloz’s quotes are organized here by date and topic. The most recent quote attributed to Stephen S. Poloz came from an article called Bank of Canada's Poloz: new housing measures should dampen demand: “So it's kind of hard to predict how those measures will affect how people think about those expectations.”.
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Stephen S. Poloz quotes

It would be odd for a central banker, certainly me, to speculate on how that will all work out positive or negative. It's a hypothetical situation.feedback

I'm satisfied that in a relatively tricky situation with a lot of moving parts that both in our press release and in the subsequent remarks we were able to offer clarity on how we think about those things. Both the press release and the remarks indicated clearly that the risks that we highlighted in September had in fact crystallized... In the end, the market takes the information and runs with it and it is what it is.feedback

There is a balance somewhere but I can tell you that I think we're pretty far away from that balance point.feedback

That is, it creates more economic growth for all those that use that infrastructure and that, of course, creates tax revenues and the system keeps turning.feedback

The primary thing is the uncertainty you face on a number of the respects that I've listed there, has at least the potential to clear up more quickly than usual.feedback

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