BRIEF-BoC's Poloz: 3-5 years for economy to recover from low oil

Mon Sep 26, 2016 8:24pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 26 (Reuters) - BoC's Poloz: will take 3-5 years for Canadian economy to recover from impact of lower crude prices

* BoC's Poloz: there's many reasons why policy tools are having less effect than in past

* BoC's Poloz: world is going through a natural moderation

* BoC's Poloz: we're going through slower period meaning neutral interest rate will be lower

* BoC's Poloz: doesn't mean we're stagnating, means we have to understand we're going to be at slower growth Further coverage: (Reporting By Leah Schnurr)