Comments from the Bank of Canada governor
- Doesn't make reference to interest rate direction
- Reiterates that one-off factors driving core inflation higher
- Still revising long-term oil price forecasts
- Falling oil doesn't make long-term investments a mistake
- Very hard to say what oil prices will do, they tend to be more volatile than underlying fundamentals
- Confident Canada will continue to manage well the adjustments caused by lower commodity prices
- Repeats that underlying inflation trend is between 1.5-1.7%
There's nothing here to sway the Canadian dollar.
