Carney cautious over Canadian housing market boom

Mark Carney, the governor of the Bank of Canada, on Wednesday warned that elevated house prices from the global low interest rate environment risked creating sizable spillover effects on the Canadian economy.

At the Vancouver Board of Trade, in Vancouver, Canada, Carney said: "Historically low policy rates, even if appropriate to achieve the inflation target, create their own risks. Canadian authorities will need to remain as vigilant as they have been in the past to the possibility of financial