Poloz expects Canada to manage adjustment well
Says floating exchange rate will help country to adjust to resource price shock
Canada will manage the period of adjustment in the resource sector well, according to the central bank governor Stephen Poloz who, on September 21, insisted "Canada has seen this movie before".
Poloz told an audience in Calgary, Alberta, there isn't much the central bank can do about resource price shocks, but its policy "can help the economy adjust to them". He singled out the contribution the floating exchange rate can make in absorbing some of the impact.
"Over the past year, both oil prices
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