BoC Poloz: New normal for Canada rates lower that in the past

FXStreet (Bali) - BOC Governor Poloz is crossing the wires, noting that the Canada dollar is a ‘petrocurrency’ in its behaviour, adding that the ‘new normal’ for Canada interest rates is lower that in the past.

Additional headlines

Says lower oil prices are a negative for the Canadian economy, with some offsetting effects such as a lower dollar

Global economy gives Canada no choice but low rates