Market preoccupation with divergence likely means ‘more variability’, Poloz says
Canadian governor believes such variability to be a ‘natural reaction’
More "variability" should be expected in global financial markets, the governor of the Bank of Canada said today (January 7), as the focus on policy divergence.
Speaking in Ontario, Stephen Poloz explained "such variability is a natural reaction to shocks and a buffer for the real economy and the variables that count, like employment, growth and prices".
He noted movements in exchange rates are helping economies such as Canada's to "make the adjustments that must take place". The Bank of Canada
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