Additional comments from the Bank of Canada’s Senior Deputy Governor, Carolyn A. Wilkins, continue to cross the wires as she speaks to the Toronto Region Board of Trade.
Key quotes (via Reuters)
- Worried a lot about the downside of the China-U.S. trade war, says there are risks to the upside as well.
- We didn’t think we’d see a resolution to the NAFTA talks and there was one.
- Looking ahead to 2019/20, what worries me is not the next business cycle, but where we are in terms of multilateralism.
- We thought the housing market would have stabilised a little bit earlier than it seems to have done.
- Bank sees signs of stabilisation in Toronto housing market.
- Will take “a lot of time” for high household debt problem to be completely resolved.
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