BRIEF-Bank of Canada's Poloz: possible negative shocks offset by fiscal package

Tue Apr 26, 2016 10:18am EDT
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April 26 (Reuters) -

* Bank of Canada's Poloz: possible negative shocks "more than offset" by government's fiscal package

* Poloz: another significant negative shock needed to get Bank of Canada back into easing mode

* Poloz: global economic downgrade, weakening of U.S. economy could pose significant shock to Canada economy

* Poloz: would not be surprised if Canadian consumers "take a breather"; built into Bank of Canada forecast

* Poloz: experience very limited with negative rates

* Poloz: expects "recovery scenario" to take hold due to Canadian budget, U.S. economic recovery Further coverage: (Reporting by Jonathan Spicer)