Analysts at TD Securities noted that the Bank of Canada Senior Deputy Wilkins kept her comments on a CBRA panel to a high-level discussion of financial stability.
Key Quotes:
“Wilkins expressed confidence that macroprudential measures have improved the quality of household debt but cautioned that elevated debt levels mean a larger impact from rate hikes.”
“Wilkins also downplayed a (strictly) rules-based approached to policy, echoing Governor Poloz’s most recent speech.”
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