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Macklem: Release of the Financial System Review
Good morning. Thank you for joining me to discuss the latest issue of the Bank of Canada’s Financial System Review (FSR), which we published today. The purpose of the FSR is to identify and explain key vulnerabilities of the Canadian financial system. Vulnerabilities need not lead to serious problems. Some work themselves out before anything bad happens. But the lesson from history is that if left unchecked, financial vulnerabilities can lead to calamities— either because they amplify negative shocks, making bad situations worse, or because they become sources of instability on their own. We assess ... (full story)
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#BoC 's Macklem: It is important to understand recent rapid rise in home prices are not normal.
— ForexFlow (@forexflowlive) May 20, 2021
Increased issuance of mortgages with high loan-to-income ratrios is of most concern.$CAD
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BOC'S GOV. MACKLEM: INTEREST RATES ARE EXCEPTIONALLY LOW.
— Breaking Market News (@financialjuice) May 20, 2021
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BOC'S GOV. MACKLEM: BECAUSE INTEREST RATES ARE VERY LOW, THERE IS ROOM FOR THEM TO RISE.
— Breaking Market News (@financialjuice) May 20, 2021
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BOC'S GOV. MACKLEM: THE ECONOMY AS A WHOLE REQUIRES OUR ASSISTANCE AND WEAKNESS IN CERTAIN SECTORS IS CAUSING INFLATION TO FALL.
— Breaking Market News (@financialjuice) May 20, 2021