Bank of Canada Governor Stephen Poloz speaks to reporters
- Confident government stimulus will show up in the data this year
Poloz was asked if a rate cut was still on the table and he pointed to those downside risks. So the answer, I suppose, is 'yes'.
- Fundamentals are pushing Toronto housing higher but our greater concern is with the levels of indebtedness and how effectively people can services their debts
- Contraction of energy sector appears behind us
- Says he's more worried about downside risks
