Bank of Canada Governor Poloz
- Was asked about HCG but says he would never comment on a specific firm
Poloz spoke earlier: BOC Gov. Poloz: Canada shows continuing shortfall in exports
He is in the Q&A now
More:
- House prices in Toronto not sustainable
- Elements of speculative behaviour pushing housing prices in Toronto
- Hopes macro-prudential rules the government has put in place will help calm market down
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ps. earlier posts on HCG ... what a mess! Let's hope its not contagious ...
- Blackrock warns not to ignore Home Capital 'woes' (I reckon they're right)
- Canada's HCG: risk of disorderly fallout, could hurt credit markets, economy
And, from last week:
- Shares in HCG have been on the slide ... Concerns are heightening for snowball/contagion effects
- Liar loans threaten to kick off Canadian housing crunch as scandal hits
