Poloz starts as head on June 3 and said at the press conference where his appointment was announced that he wasn’t going to make any big policy announcement until then. The market will be clamouring for his views, though, and I doubt he will want to leave us all in the dark. Improved communication and all that.
Initial thoughts are he is more dovish, ’cause he is a guy who promotes Canadian exports (us FX traders, we’re a deeply-thinking bunch, aren’t we? :-)) CAD weakened a touch on the announcement. 1.0101/06 as I write.
More at the Wall Street journal (brief, ungated article): It’s Poloz for BOC Chief, Next Question: Hawk or Dove?
