TAKEAWAYS-Bank of Canada governor Macklem speaks after rate decision
Reuters
2 hrs ago
TORONTO, April 21 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem on Wednesday after the central bank kept its key interest rate steady but sharply raised its outlook for the economy.
Popular Searches
MACKLEM ON GOVERNMENT TAX ON PROPERTY OWNED BY NON-RESIDENTS
"That will tend to reduce speculation and to the extent that foreigners are buying homes as an investment, it will encourage them to rent those out so that will contribute to the supply in the market. Those homes are not taken out of the market effectively."