Bank of Canada Governor Poloz speaking on monetary policy in a Bloomberg TV interview
- Canada is "quite far" from needing some form of extraordinary stimulus
- "We believe there's a reasonable probability that two years from now we'll be back at 2 percent inflation; the economy operating at full capacity, so if something were to happen that pushed us significantly outside that zone, that's when we'd need to look at well what are our options."
- Canada's 1H downturn was "mild contraction" not recession
- Says he doesn't know how long Canada can diverge from Federal Reserve
- Low dollar helping Canada adjust in terms of trade shock
USD/CAD is currently trading around 1.3581 and not doing a real lot in the immediate wake of these remarks hitting the wires
