Poloz Says Bank of Canada Will Proceed ‘Cautiously ’ on Rates
Bank of Canada Governor Stephen Poloz said he will proceed “cautiously” as he gauges the impact of two interest rate increases on the economy. Even amid the strongest growth spurt in more than a decade, Poloz said in a speech it’s still not clear whether the economy has run up against the sort of capacity constraints that would warrant higher borrowing costs from here, particularly with inflation and wage growth sluggish. That means the Bank of Canada won’t move ahead on interest rate hikes...
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