Poloz speaks about global trade (he doesn’t comment on outlook for domestic rates)
– Post-crisis global economy still faces severe headwinds
– Low interest rates are keeping headwinds at bay
This is basically an academic speech but he makes some good points. Poloz says the most important reason behind the slowdown in trade growth is that big chances for increased international integration have largely been exploited already.
Bank of Canada’s Poloz: Trade slowdown should reverse as global econ recovers
ByAdam Button
Apr 26, 2016