Stephen S. Poloz - Bank of Canada

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Last quote by Stephen S. Poloz

Often, when you have a truly unsustainable housing market, you will see very rapid price increases (and) very rapid credit growth. But we don't see that in the credit side, so I do think a significant amount of this that is fundamental, but layered on top, is a speculative element.feedback
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May 15 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 Home Capital's problems contained -Bank of Canada's Poloz: “We'd be looking for signs that there are problems with the (financial) system as opposed to preoccupying ourselves with individual institutions. The question would be: What caused this? Is it something unique to the institution itself, or is it something in the system? … I think this situation (Home Capital) is pretty clear on that; it's idiosyncratic.”.
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Stephen S. Poloz quotes

From a broader policy perspective, we need to develop new ways to help people cope with technological and structural change in order to improve our economic performance over time and to allay the economic fear and skepticism we are seeing across the advanced economies.feedback

I don't have to remind you how many sources of uncertainty we face. Those uncertainties continue to be there and have been holding companies back, really getting us back to our full capacity.feedback

Inflation will continue to be below target through that period, and won't converge on the 2 percent target until around the middle of 2018.feedback

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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