Comments from Poloz in the Q&A
– July Canadian export gain gives us some reassurance
– Sees large recovery in the level of non-commodity exports
– Weakness in export data is still unexplained
This is some dovish stuff but much of it is already priced in. The market is trying to sort out how likely a cut is this year but there’s no clear hint here.
BOC’s Poloz: Output gap and exports are behind shift downward in inflation risks
ByAdam Button
Sep 20, 2016