Bank of Canada's Poloz defends language on household imbalances

Bank of Canada

Stephen Poloz clarified the Bank of Canada's view on household imbalances yesterday, noting they were a "source of vulnerability" for the economy but "not necessarily an accident that's going to happen".

Announcing its latest monetary policy decision, the Canadian central bank highlighted household imbalances as a "significant risk to financial stability". This represents a change in language from October, but, crucially, not a change in outlook.

Speaking at The Economist's inaugural Canada Summ

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