Poloz comments at the BOC press conference
- A rate cut was not on the table at this time, given strong economic data
- Uncertainty in Washington is part of the equation, it appears to be weighing on decision-making in the corporate sector
- We're watching data to see if it's sustainable
- Mentions of speculation is an observation. There is no fundamental story we can compose to explain house price rises nearing 30%
- When the gap between fundamentals and prices is wide, it can't last
- It's time to remind folks that prices of houses can also go down
- Confident that quality of indebtedness is steadily strengthening due to last year's government changes
- We're decidedly neutral on interest rates
- The data has been much more positive, on balance
- We've had runs of data like this before but caution was warranted
- House prices in parts of the country have become divorced from reality
