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Verbatim: Poloz on Housing, Geopolitics and Business Investment

Bank of Canada Governor Stephen Poloz said he’s happy measures were taken by the Ontario government to slow Toronto’s housing market and expects the steps will have some impact. Here are highlighted quotes from a round-table with reporters that Poloz gave in Washington on April 22.

“I’m happy there are measures. It’s a risk we’ve been highlighting and made it clear a week or two ago we didn’t think interest rates are the right tool for managing such a risk because they affect everybody. They are not localized.