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Canadian economy rowing to safety, says Poloz
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Bank of Canada governor Stephen Poloz yesterday described the financial crisis as a crater of equal proportions to the bubble that burst, saying the central bank's job is to keep filling the crater with liquidity in order safely to row a boat across it to safety.
Addressing the Vancouver Board of Trade, Poloz said there has been "virtually no increase in the population of Canadian companies" since the crisis begain in 2008, with manufacturing exporters "most profoundly affected".
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