BRIEF-Bank of Canada's Schembri sees soft landing in housing

Thu Jun 25, 2015 12:48pm EDT
 
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June 25 (Reuters) - The following are some remarks from Bank of Canada Deputy Governor Lawrence Schembri during an audience question and answer session following a speech in Windsor.

* Bank of Canada's Schembri: commodity prices and the U.S. dollar help determine value of C$

* Schembri: commodity prices are relatively stable, U.S. recovery should provide support for oil prices

* Schembri: expects Greek authorities will recognize the Greek people want to stay in the euro zone, and will act accordingly

* Schembri: flexible exchange rate has enabled Canadian economy to adjust to the oil price shock

* Schembri: over time expect as Canadian economy strengthens, interest rates start moving up and that will cause soft landing in housing market

Further coverage: (Reporting By Leah Schnurr)