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Carney shifts from housing bubble to sluggish growth

Blog by Brad Herman | March 23rd, 2013

Mark Carney can taste victory in his long-running battle against a housing bubble.

For the first time in a year, the Bank of Canada on Wednesday signalled comfort that Canadians are getting the message about taking on too much mortgage debt, a shift in behaviour that will allow policy makers to keep short-term interest rates low amid signs of deteriorating growth.