Bank of Canada's Poloz

  • Can't speculate how revisions to investment will impact potential growth
  • says strikes, bad weather or contributing factors to mix data in the 4th quarter
  • inflation has been very close to 2% target, economy close to capacity for close to 2 years
  • if inflation is on target you can treat every shock symmetrically
  • ingredients exist that could lead to housing speculation

The USDCAD hasd been moving off high levels as Poloz comments ease concerns a bit. Looking at the daily chart, the price is back below the downward sloping trendline broken earlier today at 1.3072.

USDCAD falls back below the trendline