BoC's Poloz: If we were to ease further, we would be closer to using unconventional tools

Felipe Erazo FXStreet

Speaking at Canadian Parliament, BoC's Governor Stephen Poloz stated that fiscal stimulus has eased the pressure for lower rates. Also, he highlighted that there are ingredients for a divergence between U.S. and Canada in terms of monetary policy. At the time of writing, USD/CAD is trading at 1.3301, down -0.27% on the day.

Key headlines (via Reuters):

There are ingredients for divergence between U.S. and Canada economic, monetary policy
If we were to ease further, we would be closer to using unconventional tools; not a decision we take lightly
For the time being, canadian govt has considerable fiscal flexibility

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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