Poloz in the audience Q&A
– Declines to comment on level or direction of interest rates
– We’re in an era where we may see changes to trade agreements, including NAFTA
What he’s saying is that Canada has a good deal of slack in the economy. So the BOC can let the economy grow at a faster pace to eat up that slack. The US, meanwhile, will need to hike to cool off growth or risk creating inflation, because there is less slack.
