While Speaking at the Empire Club of Canada in Toronto, Bank of Canada Governor Poloz delivered the alternate idea that BOC policymakers still have the fire-power to spur growth even with interest rates currently at near zero levels. As concern for Canada’s economy grows within the global oil glut currently dampening the outlook for commodity-producing nations such as itself, the BOC has available what Poloz called ‘unconventional policies’, opening up the idea that negative rates and fiscal
↧