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.