May
14
Home Capital’s Unique Troubles Are Contained, BOC’s Poloz Says
By-
Central bank governor echos finance minister’s reassurances
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High housing prices remain concerns, they tell Globe and Mail
Bank of Canada Governor Stephen Poloz said Home Capital Group Inc.’s troubles are unique to the mortgage lender and that he sees no evidence they’re spreading to other parts of the country’s financial system.
It’s “pretty clear’’ that Home Capital’s situation is “idiosyncratic,” Poloz told the Globe and Mail in a weekend interview in Italy. His comments echo Canadian Finance Minister Bill Morneau’s remarks in the newspaper a day earlier. Morneau said Home Capital’s risk has been contained and that the financial system is working as it should…
Home Capital’s Unique Troubles Are Contained, BOC’s Poloz Says
