Poloz says Q1 growth looks softer than bank's 1.5% estimate

Poloz sees a soft patch.

  • Says April rate decision will track oil prices, economic data
  • It will take more time to assess the impact of oil
  • In the past 12 months, has seen a gain in Canadian industries related to US investment
  • Exchange-rate effect on inflation is 0.3% to 0.4%
  • Housing market remains key vulnerability
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