Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins
Appearing before a Senate committee
- Rates already so low, so we have talked about what tools we have in the toolkit
- We believe the economic recovery is gradually gathering momentum, but have options left in the toolkit
- Exports is the main variable that could disappoint us, because these are important enough
- Source of forecast error has tended to be in the US economy, underestimating the strength of the headwinds
Earlier:
- Poloz tells the story of the BOC press conference... with his hands
- USDCAD completes a lap higher on the back of Poloz comments
- Poloz Q&A: We need more data to determine whether export weakness permanent
- Full text of the opening statement of BOC Governor Poloz's press conference
- BOC actively discussed more stimulus
- BOC's Poloz: Data has been less than clear
- Full text of the Bank of Canada decision Oct 19, 2016
- BOC cuts growth forecasts: 2016 1.1% vs 1.3% prior
- Bank of Canada holds rates at 0.50% as expected
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And, if you're down here at the tail end of the post ... some comments crossing from Australian Treasurer Scott Morrison
- Australia making progress on tackling the deficit
- S&P understands there is a clear plan to return to balance
Morrison speaking on ABC radio in Australia.
