BOC minutes: Agreed the likelihood that mon pol was sufficiently restrictive had increased

<ul><li>Agreed that risks to the inflation outlook remained and it might still be necessary to hike</li><li>Expressed concern that shelter price inflation could remain elevated, which could make it more-difficult to return inflation to 2%</li><li>Felt and significant and sustained increase in new home construction would be needed to resolve long-standing structural shortage in supply</li><li>Agreed mon pol couldn't solve housing supply problems</li><li>Considerable uncertainty surrounding the outlook for inflation</li></ul><p>Housing in Canada is going to remain a hot issue for many years to come.</p>

This article was written by Adam Button at www.forexlive.com.