The Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are responding to questions from the media following the release of the June Financial System Review, which highlighted that the financial system remained resilient as vulnerabilities continued to ease.
Key quotes
- BoC’s Wilkins: Stabilization of housing market may take longer than we assumed in April.
- BoC’s Poloz: Will incorporate tariff impact in July’s monetary policy report.
- BoC’s Poloz: We see solid economic expansion.
As of writing, the USD/CAD pair is trading near its daily highs at 1.2980, adding 0.25% on the day.
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