Bank of Canada Governor Poloz And Deputy Wilkins are appearing before the upper house in the Canadian parliament

  • Describes the economy as "finally positive" rather than in "rosy" terms
  • Much more encouraged by economy compared to previous testimony in November
  • Rail capacity constraints are weather related
  • Mention that falling oil investment is one reason for weaker growth in Q1 ... pipeline constraints are reducing oil-related investment

More:

  • BoC is not hesitant to discuss fiscal policy in public, would be bizarre if I ignored it
  • Says he rejects the idea he has endorsed government policy
  • the dollar is just one input into BoC analysis

Earlier:

Nothin' wrong with rosy IMO