Globe and Mail
CARMICHAEL: The most alarming thing about Canada’s housing market is routinely ignored
So Royal Bank of Canada chief executive David McKay thinks Canada’s housing market is just fine. That’s reassuring, to a point. It would be more so if Canada had a public authority in place to verify Mr. McKay’s confidence. The fact there is no such entity undermines Ottawa’s belief that it has something to teach the world about financial regulation.
Full Article - http://tinyurl.com/qan4fzm
Bank of Canada might not follow Fed when rates increase
A hike in interest rates by the U.S. Federal Reserve would not necessarily be followed by a rise in Canadian rates, one of the Canadian central bank's economists suggested on Thursday. In an appearance before the House of Commons finance committee, economist Rhys Mendes said the Bank of Canada would “not necessarily” raise rates in line with the U.S. central bank. “The bank targets inflation in Canada and decisions regarding monetary policy in Canada would be based on the outlook for inflation," he said.
Full article – http://tinyurl.com/pcls52p