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Bank of Canada’s Carney says housing market starting to cool

Posted on 10 August 2012

Bank of Canada Governor Mark Carney indicated on Wednesday that the red-hot Canadian housing market is starting to cool, but said vigilant policy makers, including the central bank, stood ready to take further action if needed.
The booming real estate market and the related problem of soaring household debt have become the biggest domestic risk for the Canadian economy and a headache for the central bank, whose rock-bottom interest rates have contributed to heavy borrowing………………………………………..Full Article: Source

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