The Bank of Canada Gov. Poloz responded to questions from the press conference
Poloz says;
Asked if rates could be raised again later this year, says will not make forecasts
This is good news for Canada, it's a symptom of an improving economy
Federal govt infrastructure program is important part of closing of output
Still some adjustment happening since oil price shock
Oil impact is enough in the rear view mirror now, contraction in sector appears to be complete
Were very disappointed in Q1 export data but recent data more encouraging
12 Jul 17 (Wed)
04:17 pm
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