Oct
19
Bank of Canada Puts Price Tag on Morneau Housing Measures
ByThe Bank of Canada, which has expressed worries about vulnerabilities posed by high household and elevated real estate prices, has put a price tag on the recent measures to rein in the market.
In the release of its quarterly Monetary Policy Report on Wednesday, the central bank estimated changes announced by Finance Minister Bill Morneau on Oct. 3 would reduce housing’s contribution to growth over the next two years and leave the economy 0.3 percent smaller than it otherwise would have been by the end of 2018. That’s worth more than C$6 billion ($4.6 billion) in lost income…
Bank of Canada Puts Price Tag on Morneau Housing Measures
