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. BoC’s Wilkins: We’ve been surprised so far this year by higher level of exports, our forecasts are very prudent, there is a floor to exports. BoC’s Poloz: None of our monetary policy is in response to rate hikes by the U.S. Fed. BoC’s Poloz: The escalation of trade actions was “quite a part” of our discussions but agreed very early on it was not going to be basis of our decision. Related articles USD/CAD: remaining biased for re-test of 2018 highs – TDS. Analysts at TD Securities explained that the Bank of Canada followed through on a widely expected 25 bp hike while the statement portrayed an upbeat tone, emphasizing the economic rotation into exports and business investment and repeating that higher rates will be warranted to keep inflation in check. The Bank of Canada monetary  policy statement  from July meeting. The Bank expects the global economy to grow by about 3 ¾ per cent in 2018 and 3 ½ per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stronger than expected, reinforcing market expectations of higher policy  rates  and pushing up the US dollar.  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.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoC’s Poloz: Don’t interpret the flattening of the yield curve as a warning sign FX Street 4 years 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. BoC's Wilkins: We've been surprised so far this year by higher level of exports, our forecasts are very prudent, there is a floor to exports. BoC's Poloz: None of our monetary policy is in response to rate hikes by the U.S. Fed. BoC's Poloz: The escalation of trade actions was "quite a part" of our discussions but agreed very early on it was not going to be basis of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.