Comments in the Q&A at Bank of Canada Governor Stephen Poloz’s press conference:
- Future of balance of risks has tilted slightly on inflation
- We remain in a zone we call neutral
- Weakness in Canadian exports remains hard to explain
- Balance of risks has tilted ‘just a little’ to the downside
- We believe “strongly” housing market and household imbalances headed for a soft landing
- Macklem: We don’t want to exacerbate household imbalances
- The increase in US demand is the most important thing for Canadian manufacturers
- Effects of higher retail competition to dissipate about a year from now
Poloz speaking today with Tiff Macklem alongside
