BRIEF-Bank of Canada's Poloz speaks before finance committee

Tue Apr 19, 2016 12:37pm EDT
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April 19 (Reuters) -

* Bank of Canada's Poloz: we would put very low risk of possibility of inflation overshooting target sooner than expected

* BoC's Poloz: U.S. is a good year ahead of us in this process of converging

* BoC's Wilkins: have seen volatility in export activity

* BoC's Wilkins: have identified exports as upside risk because of our cautious outlook

* BoC's Wilkins: we continue to look at housing market very closely

* BoC's Wilkins: what have seen over last year is what would expect given transition in economy

* BoC's Wilkins: in major cities like Vancouver, Toronto the markets are going very strongly, we're watching that closely

* BoC's Wilkins: given the localized nature of housing market, monetary policy as a tool is too blunt for that   Continued...