Poloz predicts approaching oil break-even

Poloz predicts approaching oil break-even

Poloz predicts approaching oil break-even The Bank of Canada governor said on Friday that the economy will soon see more positive effects from the lower oil prices than negative effects. Stephen Poloz said that while the economy had suffered a shock from the price drop the bank believes that there will be more positives on the way after a “one-time” shock. Speaking at a US Export-Import Bank conference he said that there should be stronger growth in the second quarter.