Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions. Asked at a press briefing Saturday in Washington whether he’s done with hiking, Poloz said: “That’s a very data dependent question.” He also dismissed the idea the central bank has any specific target for borrowing costs, even though policy makers estimate interest rates would probably need to be higher were the economy not facing headwinds. “What matters is what forces are acting in the economy,” and what’s the level ... (full story)