RTRS: HIGHLIGHTS-Bank of Canada's Carney sees growth resuming
Sept 20 (Reuters) - Bank of Canada Governor Mark Carney
expects the Canadian economy to grow through the rest of this
year and signaled on Tuesday he stands ready to use a variety
of tools and policy options to ensure stability.
Following are key quotes from Carney following his speech
in New Brunswick:
ON CANADIAN HOUSEHOLD DEBT LEVELS
"We're concerned about it, without question we're
concerned."
"We've expected that the rate of growth of household debt
will slow. We've been saying that for nine months. And it has
started to slow progressively. That is good. And our forecast
is that we expect that consumption going forward will be much
more in line with the growth of income, so that this ration
will .. start to peak and then move down."
ON EUROPE'S HANDLING OF DEBT CRISIS
"They have more than sufficient resources ... in the
European monetary union countries to address the situation in
the peripheral economies and even some of the core countries
that are being put under strain,"
"In many respects to look to the external sources of
capital, whether it's from a major reserve holder like China or
from the IMF or other pools of capital ... is a question of
political will to take the decision to deploy the resources
that they have to address it."
ON ROLE OF US$ AND YUAN AS RESERVE CURRENCIES
"The overwhelming choice of the market is that the U.S.
dollar is the reserve currency. In the longer sweep of history
... one can see a time where the Chinese currency could also be
a reserve currency, but a variety of things have to happen
before that is the case, most importantly convertibility."
(Reporting by Frank McGurty and Louise Egan; Editing by
Jeffrey Hodgson)
