BRIEF-Poloz: ingredients present to get back to full capacity

Wed Apr 13, 2016 12:36pm EDT
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April 13 (Reuters) -

* Bank of Canada's Poloz, asked if would have cut rates without fiscal stimulus, says situation without fiscal shock would have looked worse than in January

* Bank of Canada's Poloz: would have gone into meeting with same bias as in January, had stimulus not been there

* BoC's Poloz: mix of policies we have today is more favorable one for economic growth than we had before

* BoC's Poloz: window of when will close output gap highly subject to change

* BoC's Poloz: bank views reasonably in line with Finance Department's estimate of fiscal multiplier effect of stimulus

* BoC's Wilkins: the reason bank boosted forecast for china is measures taken by China's government that will result in more infrastructure investment

* BoC's Poloz: driving force for Canadian economic growth is primarily recovery in United States

* BoC's Poloz: have seen accumulation of positive evidence export sector is responding; C$ is at best icing on cake   Continued...