Bank of Canada Governor, Stephen Poloz, has been crossing the wires today and is making additional comments following what he cited earlier as tepid global growth and historically low-interest rates that are going to be the norm for the foreseeable future.
- Says the trend has been a positive one for the labor market.
- We don't put a lot of weight on individual data points, especially labour data.
- When interest rates are negative fiscal policy is preferable to monetary policy.
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