Economy News Headlines

Bank of Canada Governor Poloz takes part in news conference upon release of Monetary Policy Report in Ottawa

Bank of Canada head says oil shock looks front-loaded: paper

Reuters Bank of Canada Governor Stephen Poloz said recent evidence suggests damage from the oil shock is hitting the economy earlier and spreading faster than anticipated, but that this could also point to an earlier rebound, the Globe and Mail reported on Friday. Poloz said the fourth-quarter gross domestic product report, released earlier this week, cemented the bank’s view that the oil-shock e…