• Financial innovation needed to fill in funding gaps that have likely resulted from tighter regulation
  • Looks like Canadian economy transition has begun to export growth and may be followed by business investment and job creation
  • Canada has plenty of room to grow and will take the economy another 2 years before it is steady, with natural growth and inflation on target

Bank of Canada’s Stephen Poloz talking innovation in New York. Meanwhile a couple of “innovative” refineries on the West coast would have seen them well ahead of the US in exporting gas supplies.