Poloz Q&A: We need more data to determine whether export weakness permanent

Poloz and Wilkins answering questions in the Q&A. We will update live

  • US election may be delaying investment decisions
  • We've talked about a 3-5 year adjustment to oil shock
  • Judgement to leave rates unchanged will be monitored closely
  • Major effects of oil shock have been absorbed
  • Export recovery path what we thought but consistently short of what we have forecasted
  • Working on studies on exports patterns, will have more research ready in Winter
  • Canadian bank asset quality and liquidity positions are "excellent"
  • Impact of new housing measures on GDP highly uncertain
  • Impact of housing rules is more front-loaded
  • US forecast to grow in 2% track, similar to Canada
  • We were very disappointed with export performance early in the year
  • Recent poor export data hard to explain
  • Trade and immigration could boost growth

Here is Poloz showing off his skills on the turntable.

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