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Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press at a press conference following the Bank of Canada’s decision to leave the policy unchanged at 1.75%. Below are some key takeaways, per Reuters.

“Lower bond yields around the world have been transmitted into our markets, also figures into our analysis.”

“Relevant that people renewing mortgages today are doing so at same rate than they did five years ago.”

“Until headwinds show signs of dissipating or worsen, we are content with today’s setting of interest rates.”

The USD/CAD pair seems to be edging lower following these remarks and was last down 0.1% on the day at 1.3110.

About Stephen Poloz (via

“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.”