Poloz Seen Signaling Low Rate to Stay in Canada Speech

Bank of Canada Governor Stephen Poloz will probably use his first public speech since taking office today to stress that rebuilding business investment is a key challenge, suggesting he won’t tighten monetary policy soon.

The Bank of Canada has said growth needs to be driven by exports and business spending, so comments Poloz makes about the need to encourage investment will probably lead investors to conclude he won’t raise the 1 percent policy interest rate until at least the second half of next year, according to economists from some of Canada’s largest banks.