BRIEF-Bank of Canada's Poloz press conference

Wed Jan 20, 2016 12:12pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Jan 20 (Reuters) -

* BoC's Poloz, asked why he's optimistic, cites strong U.S. economy

* BoC's Poloz, asked how low C$ will go, says not making predictions

* BoC's Poloz says C$ very strongly influenced by crude prices

* BoC's Poloz: higher cost for imported goods primary way loss of oil income gets spread around the country

* BoC's Poloz: if people see higher prices all at once, possible can begin to influence expectation of inflation but doesn't see that happening now

* BoC's Poloz: where risks would become more tangible would be if C$ were moving rapidly by itself

* BoC's Poloz: how much sooner output gap will close as result of fiscal stimulus depends on what form stimulus takes

* BoC's Poloz: Canadians' inflation expectations remain extremely well anchored, needs to be defended   Continued...