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Poloz: BOC Won't Be 'Mechanical' On Rates, Will Proceed 'Cautiously'

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Poloz: The Meaning of “Data Dependence”: An Economic Progress Report

From bankofcanada.ca

I am always happy to be here in St. John’s, a unique corner of our country. Given the city’s geography, its history and rich culture, those of you who get to call St. John’s home are fortunate, indeed. The idea of “home” is a preoccupation for us at the Bank of Canada. We have been working since the global recession almost a decade ago to bring the Canadian economy home. What I want to do today is give you a sense of how far the economy has come and how much further it has to go, and talk about some signs to watch for along the way. The goal of our monetary policy is to keep inflation low, stable and predictable. ... (full story)

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