BoC's Poloz speech: Uncertainty around U.S. trade policy remains

Bank of Canada (BOC) Governor Stephen Poloz is responding to questions from the press with the key quotes, via Reuters, found below:

• Caution on data was at its peak in January because of uncertainties U.S. election posed
• It's our confidence that has increased through those months compared to beginning of year
• Financial stability is always on the table as we discuss policy
• Uncertainty around u.s. trade policy remains
• Investment in Canada is less today than it would be without that uncertainty but companies seem to be setting it aside

Key notes:

BoC: Recent softness in inflation is temporary

In its statement, the Bank acknowledged recent softness in inflation but judged this to be temporary. Read more

USD/CAD in fresh 2017 lows post-BoC, near 1.2850

The Canadian Dollar is gathering further steam today, now dragging USD/CAD to fresh lows in the 1.2860/50 region. Read more

About Stephen 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 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.