• Governor of the Bank of Canada Carney: Internal factors support moderate growth

Market news

24 October 2012

Governor of the Bank of Canada Carney: Internal factors support moderate growth

  • Moderate consumption growth reflects the large debt burden for some

  • The uncertainty in the world impedes investment

  • Equity-high

  • Closely watching the housing sector

  • Monetary policy - the last line of defense in the housing sector

  • The number of housing starts is still higher than the demographic demand

  • The data indicate a slightly greater vulnerability of the household sector

  • There are conflicting signals about imbalances in the household sector

  • U.S. unlikely to avoid a fiscal cliff

  • Inflation expectations in Canada reserved

  • Canada's GDP will grow by 2.2% in 2012

  • There are upside and downside risks to the household sector

  • Consumption and investment - the main engine of economic growth


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