Canada has a lot more room to grow - BoC's Poloz

Eren Sengezer FXStreet

Stephen Poloz, Governor of the Bank of Canada, is responding to questions following his speech at Durham College on ‘Canada’s economic history’.

Key quotes (via Reuters)

Asked about implications of Fed hike on Canada, says what matters is not difference in two nations' growth rates, but that Canada has a lot more room to grow
We can grow faster than the United States for a while
In era where will probably be some changes to trade architecture, we welcome "dusting off" of NAFTA
If we were to raise rates back to normal levels today, economy would be in recession

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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