Poloz opening statement to parliament

  • Rates will need to rise to neutral

  • Despite latest hike, policy remains stimulative

  • Risk for inflation outlook is two-sided

  • Pace of further hikes "will depend on our assessment at each fixed announcement date"

  • Full text

Poloz and Wilkins will take questions from the House of Commons Standing Committee on Finance after the opening statement.

This is a repeat of what Poloz said after the BOC announcement but it's giving a lift to the Canadian dollar, along with the better tone in stock markets.