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Canada has a lot more room to grow - BoC's Poloz

Stephen Poloz, Governor of the Bank of Canada, is responding to questions following his speech at Durham College on ‘Canada’s economic history’.

Key quotes (via Reuters)

  • Asked about implications of Fed hike on Canada, says what matters is not difference in two nations' growth rates, but that Canada has a lot more room to grow
  • We can grow faster than the United States for a while
  • In era where will probably be some changes to trade architecture, we welcome "dusting off" of NAFTA
  • If we were to raise rates back to normal levels today, economy would be in recession

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