BoC's Poloz: Will carefully monitor recent increases in Canadian mortgage rates in months ahead

Bank of Canada's Governor Stephen Poloz crossed the wires last minutes, via Reuters, stating that the central bank will "carefully" monitor recent increases in canadian mortgage rates in months ahead

Key headlines:

• Home price increases have begun to slow noticeably in Vancouver, too early to determine new trend
• Vancouver situation remains highly uncertain, have seen no signs of similar moderation in Toronto
• Moderating of housing market may ease financial stability concerns on one front, but leave level of debt at very high level