More on BoC's Poloz - Canada’s economy needs to run a little hot

Author: Eamonn Sheridan | Category: Central Banks

The headlines were much earlier on comments from Bank of Canada Governor Poloz

Bloomberg have a recap now, worth checking out:
  • Canada's economy needs to run a little hot to test out its full potential
  • Companies are in an expansion phase and policy makers don't want higher borrowing costs to crimp business expansion or hiring plans
  • "So a little bit of heat therefore if you like, some upside risk on inflation, is part of that deal."

From what I hear from Adam Canada as a whole could use a bit of heat, not just the economy