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Poloz Says He Doesn’t Talk Down Dollar as Exports Recover
Bank of Canada Governor Stephen Poloz said a pickup in exports is gaining traction, while insisting the central bank doesn’t try to manipulate the value of the currency. “We are cautiously optimistic about our exporting future,” Poloz, 58, said in the text of a speech he’s giving today in Drummondville, Quebec. While saying it will take more than a few months to establish a trend, Poloz said, “it looks like the natural sequence we’ve been hoping for is getting under way.” Policy makers earlier this month kept their key interest rate at 1 percent, extending a four-year pause that’s the longest for the ... (full story)