Poloz is on Bloomberg TV

  • We have seen some pockets of economic weakness recently but that's part of the expectation
  • Some of the market reaction to Trump has been built into our calculus
  • We have to wait and see on Trump's policies
  • Economic growth in H2 appears to be on track

Nothing market moving so far and USD/CAD is steady at 1.3422.

He says, iIt's not our job to blow sunshine at the market." So it's just a hobby then?


  • See inflation back at target around mid-2018 and would need to see a "significant departure" from that outlook to cut rates.

That's a CAD-bullish comment.