Poloz answers questions after his speech in Ottawa:

Poloz outlines how Canada lost close to 10,000 export firms since the turn of the century and now he expects them to be reborn. It's a bizarre suggestion, no one is building an export factory in Canada.

Other comments:

  • When interest rates rise, it's going to be a very, very gradual process
  • Oil price shock has thrown us off track, now we're recovering
  • We're expecting the world economy to continue gathering strength
  • It's a continuation of 'muddling through, but gathering strength', that's the case in the US as well
  • "Things feel, in the air, like we're off to a poor start to the year" (ya think?)
  • Full text of his speech

He could be talking monetary policy, he could be conducting an orchestra

Some are noting what Poloz didn't say. There was no reiteration that the current path is appropriate and he also touched on the other tools that are available.

On the flipside, his comments on global and US growth seemed to indicate that the BOC's confidence is solid.