- 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