Stephen Poloz downplays inflation risk, seeks more growth

Stephen Poloz, Governor of the Bank of Canada. (Photograph by Jaime Hogge)

There are reputable economists who believe the business of raising and lowering official interest rates should be automatic, based on economic conditions and little else.

Bank of Canada Governor Stephen Poloz is not one of them.

Canada’s central bank opted against raising interest rates on Oct. 25, deciding that two quarter-point increases over the summer are enough for now. “The economy is expanding...

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