Poloz comments on a panel in New York:
- We likely have seen 'the most' of the global commodities supercycle.
- Commodity price shocks difficult to react to.
Nothing notable so far. USD/CAD down 16 pips on the day to 1.2229.
More:
- BOC is preoccupied with downside risks in short term
- Oil suppliers are finding many ways to cut costs
