Brocker.Org: BOC Poloz: Its “pretty clear” that Home Capital’s situation is “idiosyncratic”

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Bloomberg reported comments from the Bank of Canada (BOC) Governor Stephen Poloz delivered in an interview with the Canadian media Globe and Mail over the weekend.

Key Points:

Its “pretty clear” that Home Capital’s situation is “idiosyncratic”

The problems at alternative mortgage lender Home Capital Group Inc. (HGC) were contained and 

He sees no signs that HCG has triggered contagion

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