Bank of Canada Governor Stephen Poloz said that “substantial” monetary stimulus now in place in Canada remains appropriate.
Poloz, speaking to lawmakers today in Ottawa, said that inflation “persistently” below the central bank’s target has assumed “increasing importance.” Still, the bank is also taking into consideration the risk that low interest rates exacerbate household debt.
via Bloomberg
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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