Poloz comments send loonie back to 5-year low

|By:, SA News Editor

The loonie slides - reclaiming an almost 5-year low vs. the greenback - after what's being interpreted as a dovish speech from BOC Governor Stephen Poloz. He expects a "soft" first quarter, but then a couple of years of speedy growth. Longer-term, however, an aging population will drive up savings and sap demand. "The growth trajectory that we converge on after the recovery period will be slower than our historical trend, and it will also be associated with lower equilibrium rates of interest."

FXC -0.8%.

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