BRIEF-Bank of Canada's Poloz speaks in Ottawa

Tue Apr 29, 2014 5:20pm EDT
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TORONTO, April 29 (Reuters) -

* Bank of Canada's Poloz says household debt ratio is sustainable and will gradually ease

* Bank of Canada's Poloz: household debt service could become a problem if there is a significant shock to canada's economy

* Poloz: if there were an economic downturn, we would be vulnerable to a correction in housing prices

* Poloz: willing to accept risks of low-for-long interest rates because we're not yet out of the downturn

* Poloz: C$ remains in a historical sense quite high versus US$

* Bank of Canada's Macklem: contribution of c$ to lack of competitiveness has declined a little bit as C$ has declined

* Poloz: treats Ukraine/Russia situation as a down-side risk; still early to determine impact on economy

* Poloz: reduction of fed quantitative easing is now better understood by markets   Continued...