Bank of Canada re-modelling export links to US – Poloz
Previous models may have overestimated US's importance
The Bank of Canada has reassessed its modelling of the country's exports, finding it may have overestimated the importance of the US, governor Stephen Poloz said on January 18.
At a press conference following the latest monetary policy meeting, Poloz said the new modelling techniques, set out in two discussion papers (here and here), helped account for around $30 billion–$40 billion of "missing exports", and predict slower export growth in future than the previous model.
The governor also noted
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