Says he believes the economy likely to pick up pace in H2 of this year
Link to his testimony on Tuesday:
More to come as his comments continue:
- The Canadian budget did not effect forecasts
- budget was neutral from a macroeconomic perspective
- Employment market is performing extremely well
- Says he finds it difficult to believe the economy would settle at a negative rate
- If headwinds dissipate rates would naturally rise
- Given current headwinds, policy rate now is appropriate
A few CAD-positive comments from Poloz
