Economic shock from COVID-19 leading to higher indebtedness: Poloz
Can lead to slower growth, make it more difficult for the central bank to hit its 2% inflation target in the future.
Bank of Canada watching global trade impacts
Looking to see how weakness from manufacturing may spread to services, employment, consumer spending or housing.
Poloz in no rush to move interest rate, warns of trade threats
Target at 1.75% for a sixth-straight meeting as the country bounces back from a weak stretch.
B of C expected to hold interest rate as economic clouds gather
Lower growth prospects expected to reinforce Poloz’s strategy of moving very gradually on increases to overnight rate.
Global economy at stage where stimulus can be ‘steadily withdrawn’: Poloz
Bank of Canada signals it will gradually raise benchmark interest rate from its current level of 1.75% to between 2.5% and 3.5%.
Digitization poised to disrupt central banking, too: Poloz
Effect he believes could have implications for inflation outlooks and even interest-rate decisions.
Annual inflation cools to 2.2%, just above Bank of Canada midpoint
Statistics Canada says core measure above 2% for first time in six years.
Inflation just over 2% for the whole year: It’s fine, says Poloz
What really matters is that inflation averages out over a multi-year period around that benchmark.
Firms still positive about future, but some see moderation ahead: Bank of Canada
They anticipate sales the faster over the next 12 months, stronger overall from increasing US demand.
