Global slowdown continues to warrant stimulus – Poloz
Poloz confident of Canada’s ability to adjust and says slowdown is temporary
Policy-makers should keep interest rates stimulative to help economies adjust to the temporary slowdown in global growth and trade, Bank of Canada governor Stephen Poloz said in a speech on April 1.
For the Canadian economy, Poloz explained, stimulus remains important amid weaker global growth and a housing sector that is taking longer than expected to adjust to tighter mortgage guidelines and rates.
Lower rates are necessary “to help the economy work through this downshift in growth and keep
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