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BRIEF-Opening statement by Bank of Canada's Poloz

Published 2016-04-13, 11:27 a/m
BRIEF-Opening statement by Bank of Canada's Poloz

April 13 (Reuters) -
* Bank of Canada's Poloz: many factors at play in
strengthening of C$; most of increase due to shifts in
expectations about monetary policy in U.S., Canada
* Bank of Canada's Poloz: economy appears to be achieving
average growth close to 2 percent in H1 of year, which is
encouraging
* Bank of Canada's Poloz: governing council judged that
budget actions will more than offset the negatives
* Bank of Canada's Poloz: looking beyond projection horizon,
growth in potential output overall should pick up again
* Bank of Canada's Poloz: recent economic data have been
encouraging on balance but also quite variable
* Bank of Canada's Poloz: global economy retains capacity to
disappoint further
* Bank of Canada's Poloz: have not yet seen concrete
evidence of higher investment, strong firm creation

Source text for Eikon: http://www.bankofcanada.ca/2016/04/opening-statement-130416/
Further Bank of Canada coverage: BOC

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