BoC's Poloz: Can't say adjustment to oil prices are over, major effects on GDP have been absorbed

Bank of Canada's Governor Stephen Poloz is hitting the wires last minutes, during a Q&A session after a press conference, where he's stating that uncertainty faced on a number of aspects has potential to clear up more quickly than usual.

Key headlines (via Reuters):

  • In forecast have incorporated lower track for investment spending in U.S.
  • We've talked about 3-5 year adjustment process to oil shock, we're well into that
  • Can't say adjustment to oil prices are over, major effects on GDP have been absorbed
  • Have put structural factors into our baseline, main reason why our outlook is softer now