Flash: BoC concered of housing boom - Societe Generale

FXStreet (Guatemala) - Sebastien Galy, Senior FX Strategist at Societe Generale said "The Canadian consumer is still doing well into Q4 even as Canadian growth took a weather hit in Dec, nonetheless the strength has tapered somewhat and much of it is driven by higher house prices.

Key Quotes

"Many make parallels between the Canadian experience and that of the US, through the two only share broad strokes".

The BoC has been well aware of this and busy trying to change gears on the CAD to force a rebalancing of its economy away from a UK style housing boom."