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TD Securities analysts’ points out that the BoC’s Governor Poloz will speak about “The Future of the Mortgage Market” at 13:45 ET, with an audience Q&A and press conference scheduled to follow – the latter will come at approximately 15:30 and will be a key event for today.

Key Quotes

“Poloz has been on the wires quite frequently between his MPR press conference and Parliamentary testimony but nonetheless, we will be watching closely for any hints on the Bank’s outlook for the housing market ahead of the Financial System Review on May 16.”