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Bank of Canada Governor Stephen Poloz may now have to deal with an overheated housing market without the tools his predecessor had a year ago.
Bank of Canada Governor Stephen Poloz may now have to deal with an overheated housing market without the tools his predecessor had a year ago.
(ADRIAN WYLD/THE CANADIAN PRESS)

Poloz boxed in as embers of overheated housing market flare up

In his last Monetary Policy Report (MPR) before leaving the Bank of Canada, Mark Carney sounded like the triumphant tamer of Canada’s troublesome housing market. But now, in the first MPR bearing the full stamp of Mr. Carney’s successor, new Governor Stephen Poloz will be forced to admit that the lion is out of its cage.