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 found below.
- U.S. growth will be at its strongest in 2018, to slow a little in 2019
- We expect discount on heavy crude to WTI to narrow
- The quality of debt is improving.
Related articles
USD/CAD hammered down to 1-week lows, below 1.30 mark post-BoC.
The USD/CAD pair finally broke down of its daily consolidation phase and tumbled to one-week lows post-BoC announcement.
Bank of Canada raises policy rate by 25 bps to 1.75%.
“The global economic outlook remains solid. The US economy is especially robust and is expected to moderate over the projection horizon, as forecast in the Bank’s July Monetary Policy Report (MPR),” the BoC said in its statement.
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.”
Share
