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BOC Gov Poloz is speaking and has said that BoC will continue to raise rates gradually and that NAFTA negotiations are going well, (in stark contrast to what Trump has been saying of late).  

Further comments:

  • Core inflation measures clustered around 2%.
  • Inflation bump is already starting to fade.
  • BOC’s Poloz says will continue to raise rates gradually.
  • Nafta negotiators are doing a good job in difficult situation.
  • Dispute settlement was why we wanted deal in first place.
  • So much to be gained on both sides for getting it done.
  • In the BOC Gov Poloz Q&A: Optimistic for a Nafta agreement.
  • Canada’s MacNaughton says sees some progress on Nafta.

Key notes:

Poloz Speech: Gradual is still the name of the game  – TDS

About BoCs  Stephen S. Poloz  

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. Mr. Poloz is a Certified International Trade Professional and a graduate of Columbia University’s Senior Executive Program. He has been a visiting scholar at the International Monetary Fund in Washington, D.C., and at the Economic Planning Agency in Tokyo, Japan. Mr. Poloz has taught economics at the University of Western Ontario, Concordia University and Queen’s School of Business. He is a past president of the Ottawa Economics Association.