Stephen Poloz and Senior Deputy Governor Carolyn Wilkins appear before the House of Commons Standing Committee on Finance

  • There have been several conjectures about the apparent softness of inflation in Canada
  • We note several signs that point to slack remaining in the labour market.
  • While employment growth has been strong in Canada, wages have not kept pace.
  • Finally, the fourth issue is the elevated level of household debt and how that might affect the sensitivity of the economy to higher interest rates.
  • Here’s the link to Poloz opening speech
  • USDCAD doesn’t react much at 1.2888
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