Poloz and Wilkins take questions

  • There have been some positive signs on wages but there are still questions
  • Progress has been encouraging and we have renewed confidence that we have the right narrative
  • Pace of rate hikes is a considerable question mark
  • Rates are low considering the economy is close to capacity
  • BOC is decidedly data dependent
  • Having NAFTA resolved would be positive for business
  • Discussions were about underlying dynamics of the process of weighing risks
  • I won't go into the nuts-and-bolts of the discussion
  • Discount in Canadian oil is mostly an investment problem in our view