BOC governor Poloz speaking in Davos to CNBC 25 Jan

  • certain that Canada is more sensitive to higher rates now than in the past
  • BOC is totally data dependent
  • can't do any pre-analysis of any NAFTA fail
  • if inflation target is at risk we'd be cutting rates into that but there could be other trade policy changes to adjust to end of NAFTA
  • for sure interest rates are a tool if NAFTA demise has a negative impact on the economy but not something we can gauge in advance
  • companies can adapt changing exchange rate

Poloz declined to comment on current CAD levels

USDCAD unfazed by any of it at 1.2320 still