News Headline Summary

BoC's Carney says downside risks materializing in the short term

Says:
- Q4 Canada growth may be weaker than bank forecast.
- Canada inflation has been essentially as forecast.
- Canada housing has been firmly valued for a while.
- Stands by assessment that interest rate likely needed but less imminent.
- Rotation can lead to choppy Canada data.
- Canada exporters still facing competition challenge.
- CAD has been persistently strong for some time, sees some challenges on the export side.
- Does not believe in depreciating to prosperity and not targeting any CAD level.

26 Feb 2013 - 02:20 - - Source: Newswires

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