HIGHLIGHTS-Bank of Canada's Carney speaks in Ottawa

Wed Apr 17, 2013 12:11pm EDT
 
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April 17 (Reuters) - Below are key quotes from an appearance by Bank of Canada Governor Mark Carney:

CARNEY ON THE RECENT FALL IN COMMODITY PRICES

"The prices of commodities, in particular the prices of commodities that affect Canada, remain - even after these movements in the market - at elevated levels compared to their historic average."

"It is the Bank of Canada's position that the fundamentals of demand that still exist in emerging markets will persist for some time and as a result, commodity prices will stay a relatively high level compared to their historic average. But that isn't a prediction that these prices will increase sharply."

CARNEY ON WHETHER THE BANK HAS A NEUTRAL RATES BIAS

"Clearly, if there is a possibility of a rise in interest rates, it's not neutral. That's absolutely clear."

CARNEY ON BUSINESS INVESTMENT   Continued...