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Bank of Canada Governor Poloz: Need to allow time for housing slowdown to be sorted out and ...

Bank of Canada Governor Poloz has crossed the wires saying:

  •  "We need to allow time for housing slowdown to be sorted out, and for data to prove negative forces are temporary".

Extra reading:

  • BoC’s Poloz: If forecasts are correct, rate hikes are more likely than cuts
  • BoC's Poloz: Limited access to markets for Canadian crude remains a significant source of uncertainty