BoC's Lane: link between uncertainty and current policies - Reuters

Joshua Gibson FXStreet

The Bank of Canada's deputy governor, Tim Lane, is hitting the wires via Reuters, weighing in on the BoC's current policy stance and the waffling condition of steel tariffs from the US.

Key quotes:

We didn't say we have to be on hold until we have more clarity, but lack of clarity has dampening effect on outlook.
Looking at (the) composition of growth, final domestic demand has been growing solidly through 2017.
The news on steel has changed a lot in last few days, it's still a fluid situation, we're not in a situation of calling all clear.
Still a significant degree of uncertainty around the trade situation.
During rate decision discussion, trade uncertainty is a factor that is definitely a risk to outlook, but one of a number of factors in making a decision.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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