BoC's Poloz: In case of auto tariffs, we'd have to see what room there would be to buffer the impact of inflation

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press with key quotes, via Reuters, found below.

  • Even though the auto and parts sector represents about 1 pct of GDP, its also very symbolic, people would feel much more vulnerable, there would be a major confidence effect. 
  • In case of auto tariffs, we'd have to see what room there would be to buffer the impact of inflation.

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The Bank of Canada monetary policy statement from July meeting.

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About Stephen Poloz (via bankofcanada.ca)

"Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas."

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