BoC's Poloz: Economy is no longer needing stimulus

After delivering the opening statement, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press with key quotes, via Reuters, found below.

  • Poloz: Various national and local measures have calmed down the housing market quite a lot.
  • Poloz: Economy is no longer needing stimulus; it's our job to prevent the thing from overheating and fend off inflation pressures.
  • Wilkins: Low prices for Canadian crude are subtracting from economic growth.

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"Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas."

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