Home BoC’s Poloz: Oil price slump is a material shock to the economy

BoC’s Poloz: Oil price slump is a material shock to the economy

Updated: 23 Jan. 2019 | 14:48

BoC Governor Stephen Poloz, talking to BBG TV on the sidelines of World Economic Forum in Davos, said that oil price slump is a material shock to the economy and will knock about 0.4% from GDP.

Additional quotes:

“¢ The Canadian economy is in good shape.
“¢ Global trade tension is a two-sided risk.
“¢ A resolution would lift global growth.
“¢ Canadian policy is data dependent.
“¢ The neutral rate is seen at 2.5% to 3.5%.

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