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Mortgage Broker News | 06 May 2013, 12:00 AM Agree 0
Brokers are giving a thumbs-up to the appointment of Stephen Poloz as Canada’s next governor of the Bank of Canada.
  • Max Cafissi | 06 May 2013, 10:06 AM Agree 0
    I'm not so sure this is a wise appontment. Dr. Poloz's background is predominately in Export Development. I'm sure he will assist in any way he can in making our Manufacturing Exports more competitive globally. The only way I can see this happening is if the value of our dollar goes down in relation to the U.S. dollar. This will undoubtedly result in a downturn in Real Estate values, thus precipitating the " bursting of the bubble " that Mr. Carney has fought so hard to avoid. I'm hoping for the best, but I have my doubts about this appointment.
  • Paolo Di Petta | | 06 May 2013, 02:52 PM Agree 0
    I wonder how all these changes at the CMHC, and the BoC are going to shape the future. Sounds like more of the status quo, but it's important to consider that what worked yesterday, might not work tomorrow.
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