Poloz in Davos
- Markets are understandably concerned about the US-led trade war
- If that's resolved it will be an extra lift
- It would be a disaster if it escalated
- The trade situation is crucial
- We're watching how the economy responds to oil, which is bouncing back
- Monitoring developments in the housing market
- Canadian economy is in good shape
- The pace of future rate hikes in Canada will be data dependent
- I'm watching Brexit with considerable interest but it's a small effect on our macro economy
There's nothing here that's going to outweigh the soft Canadian retail sales data release a short time before.
