Bank of Canada's Cote says monetary remains very stimulative

OTTAWA Wed Nov 14, 2012 12:12pm EST

OTTAWA Nov 14 (Reuters) - Bank of Canada Deputy Governor Agathe Cote said on Wednesday that monetary policy remains very stimulative in Canada and highlighted that soaring household debt is the biggest domestic risk to the economy.

Cote said Europe is stagnating and the United States is undergoing its slowest recovery since the Great Depression, according to a slide presentation published on the central bank's website. Cote was appearing at an event in Rimouski, Quebec.

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.