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Bank of Canada's Poloz reinforces hawkish signal

Jun. 13, 2017 3:37 PM ETEWC, FXC, CNDA-OLD, EWCS, FCAN, QCAN, HEWCBy: Stephen Alpher, SA News Editor
  • Speaking in a TV interview, Bank of Canada Governor Stephen Poloz says 2015's rate cuts "have done their work."
  • The economy, he says, is gathering momentum, with a growing number of sectors expanding.
  • His comments follow those yesterday from the bank's Carolyn Wilkins, who suggested a rate hike could be coming far sooner than markets are expecting.
  • The loonie (NYSEARCA:FXC) is higher by 1.3% for the day. Stocks in Toronto are modestly lower.
  • ETFs: EWC, FXC, CNDA, EWCS, QCAN, FCAN, HEWC

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