29 October 2014, 23:46  Bank of Canada Governor Steven Poloz: Monetary stimulus remains appropriate

Will only use forward guidance during periods of market stress and periods when traditional tools are constrained
Otherwise will let markets do their job, which is to deal with daily data flow and grind out new pricing
Canada has ‘considerable excess capacity” in economy
Risks around achieving inflation target over a reasonable timeframe are roughly balanced
Oil price down on added supply, slower global demand
Lower oil prices to shave quarter point from 2015 GDP

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