Government stimulus will show up in economic data this year - BoC's Poloz

Stephen Poloz, Governor of the Bank of Canada, is responding to questions following his speech at Durham College on ‘Canada’s economic history’.

Key quotes (via Reuters)

  • Asked if April rate cut remains on the table, says bank in midst of next projection exercise, doesn't want to prejudge process
  • Risks identified in last MPR are still on the table
  • Confident government stimulus will show up in economic data this year
  • Fundamentals pushing Toronto housing market higher

Libya's NOC declares force majeure on Sharara crude loadings - RTRS

According to Reuters, a document from Libya's state-controlled National Oil Corp on Tuesday declared force majeure on crude loadings from the Sharara
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EUR/GBP reverses and climbs to 6-day highs above 0.8650

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