Stephen Poloz of Bank of Canada is part of this year's Wealth Professional Canada's Host List.
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Bank of Canada
As monetary policy shifts in the US, all eyes were on Bank of Canada governor Stephen Poloz for his April report. Known for his caution, Poloz announced that the Canadian central bank would not follow the same path as its US counterpart – at least not yet. The bank did increase its growth outlook to 2.6%, up from its 2.1% forecast in January, but an interest rate hike isn’t likely until 2018 at the earliest. However, the fact that a rate hike is on the table at all marks a considerable shift in BoC policy.
As monetary policy shifts in the US, all eyes were on Bank of Canada governor Stephen Poloz for his April report. Known for his caution, Poloz announced that the Canadian central bank would not follow the same path as its US counterpart – at least not yet. The bank did increase its growth outlook to 2.6%, up from its 2.1% forecast in January, but an interest rate hike isn’t likely until 2018 at the earliest. However, the fact that a rate hike is on the table at all marks a considerable shift in BoC policy.
