Bank of Canada Governor Poloz Speaks
The BOC has Shifted to Dovish Now
Starts Wednesday, April 24, 2019 at 14:00
Updated Thursday, April 18, 2019
The Governor of the Bank of Canada is due to speak about the economic outlook in the usual press conference which follows the interest rate decision. Audience questions are expected, so it will get interesting. Personally, I would be interested in hearing what they have to say because they shifted from slightly hawkish to dovish in the last meeting as the global economic slowdown has affected Canadian economy as well as the international trade tariffs war. Now the BOC is more likely to cut interest rates than to hike them. Follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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About Bank of Canada Governor Poloz Speaks
Speaking engagements by Bank of Canada (BoC) Governor Stephen S. Poloz are primary market movers of the Canadian dollar (CAD). Poloz has served the BoC in this capacity since appointment in June of 2013. He is serving a seven-year term, concluding in 2020.Before becoming BoC Governor, Poloz completed a rich academic background. A graduate from Columbia University’s Senior Executive Program, Poloz has been a visiting scholar at the International Monetary Fund and Japan’s Economic Planning Agency.Comments from any central bank head are typically scripted in advance to avoid disrupting market behavior. Any unusually hawkish or dovish commentary from Poloz has the potential to heighten volatility dramatically facing the CAD.