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Free AccessBOC Sr. Deputy Gov Carolyn Wilkins says at...>
CANADA: BOC Sr. Deputy Gov Carolyn Wilkins says at the current interest
rate (1.75%) we still have room to manoeuvre.
- Canada economy, financial system resilient to any global "storm."
- Mentioned that in adverse scenario, inflation stays within the range
1% to 3%.
- Said various global uncertainty including US-China trade war has
worsened.
- Household debts are the main source of domestic vulnerabilities,
despite some progress.
- Canadian economy is in a relatively good place; inflation close to
target, unemployment rate near historic low, wage growth.
- Ongoing adjustments on lower oil prices weigh on energy-producing
provinces.
- Total global debt is more than three times global GDP; much higher
than it was before Great Recession.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.