BOC Governor Poloz speaking to law makers.
He says:
- We are at a crucial spot in the economic cycle and significant uncertainties are clouding the way forward
- Risks outlined in MPR give us a balanced outlook for inflation
- Poloz sees signs of slack in job market
- Economy is is likely to require less monetary stimulus over time.
- Bank of Canada will be cautious in making future adjustments to policy rate
- Sources of Canadian growth have broadened
For the full statement, CLICK HERE
The comments are similar to ones made after BOC meeting on October 25th.