BRIEF-Bank of Canada's Poloz speaks in Ottawa

Tue Apr 28, 2015 10:29am EDT
 
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April 28 (Reuters) - BoC's Poloz: Not Seeing Any Inflationary Risks On The Horizon; Predominant Risk Is Downward Pressure; Inflation Expectations Well

* Bank of Canada's Poloz, asked about international risks, says world has been living through slow and repeatedly disappointing growth

* Bank of Canada's Poloz: corporate balance sheets are in good shape, cash balances ready to be deployed though with prudence; investment is now starting to be made

* Bank of Canada's Poloz: uncertainty is a little higher than it would normally be at this stage of the business cycle

* BoC's Poloz: lower C$ is absolutely of net benefit

* BoC's Poloz: not suggesting oil shock was just 3 or 4 month event and then it's over; positives will overwhelm negatives starting in Q2

* BoC's Poloz: watching very carefully how oil shock unfolding on housing, particularly in Alberta

* BoC's Wilkins sees Canada heading for soft landing in overall housing market; sees signs of that outside of Toronto, Vancouver

* BoC's Poloz: being purposefully cautious on manufacturing because of what we've been through; fundamentals are stronger than what we're forecasting   Continued...