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No short-term solutions to rising cost of living: former Bank of Canada governorWith Canada set to receive a fiscal update on Tuesday, ‘The West Block’ guest host Abigail Bimman speaks with former Bank of Canada governor Stephen Poloz about inflation, the rising cost of living and fiscal policy. Poloz explains why he doesn’t think it’s fair to blame the government for the current high inflation and why...The West BlockDec 12, 2021
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Poloz warns Canada paying price for economy’s lossesThu, Jan 7: Bank of Canada Governor Stephen Poloz says the national economy has lost tens of billions of dollars and that every Canadian is paying the price for the slump in oil prices. As Mike Le Couteur reports, Poloz also warned we should get used to the low loonie.Global NationalJan 7, 2016
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Stephen Poloz angrily refutes notion that Finance Department had any influence on economic projectionsBank of Canada Governor Stephen Poloz bluntly told a reporter that the federal Finance Minister “is not my boss” and said the budget projections that department issued had no bearing on his own recent economic forecast.CanadaApr 13, 2016
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No change to interest rates, signs of economic adjustment already happening: BOC GovernorBank of Canada Governor Stephen Poloz says that Canada’s current economic situation is affecting the lives of Canadians through higher costs of living and job losses but government fiscal policy can help to buffer current negative effects.CanadaJan 20, 2016
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Coronavirus outbreak: Trudeau says process ongoing to name new Bank of Canada governorAsked about a report that he would be replacing Bank of Canada Governor Stephen Poloz, Prime Minister Justin Trudeau commended the governor for his work during a difficult period and said the process was ongoing but a decision had not been made on the next steps.CanadaApr 10, 2020
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Coronavirus outbreak: Bank of Canada keeps rates steady as economy sees “significant contraction”The Bank of Canada is keeping its key interest rate steady at 0.25 per cent, as widely expected by economists. Governor Stephen Poloz said the economy is experiencing “significant and rapid contraction” and the downturn tied to COVID-19 will be the worst on record. Preliminary data from Statistics Canada today showed economic activity collapsed in...CanadaApr 15, 2020
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Coronavirus outbreak: Poloz outlines Bank of Canada’s strategy during COVID-19 pandemicThe federal government and the Bank of Canada are taking more steps today to try to fight the economic shock caused by the COVID-19 pandemic and plunging oil prices. Governor Stephen Poloz said there are still tools left in the central bank’s kit, but it is trying to do everything it can right now to...CanadaMar 27, 2020
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The West Block: March 13This week on “The West Block,” host Mercedes Stephenson reports on the refugee situation on the Ukraine-Moldova border and speaks about what’s needed to strengthen the Canadian Armed Forces with Defence Minister Anita Anand. Then back in Ottawa, guest host David Akin speaks with Natural Resource Minister Jonathan Wilkinson and former Bank of Canada governor...The West BlockMar 13, 2022
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Bank of Canada governor touts open bordersThe governor of the Bank of Canada made a strong pitch for open borders today. As Mike Drolet reports, Stephen Poloz was clearly talking about a certain president’s policies without ever mentioning Donald Trump by name.Global NationalMar 28, 2017
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Interest rates hiked to meet anticipated inflation growthThe Bank of Canada raised interest rates to 0.75 per cent on Wednesday despite slowing inflation growth, which governor Stephen Poloz defended as a move to match where inflation rates are expected to be in 18 to 24 months.CanadaJul 12, 2017
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Bank of Canada leaves key interest rate unchangedSpeaking to reporters Wednesday morning, Bank of Canada governor Stephen Poloz announced that at this time, the Bank of Canada would not be raising interest rates amid uncertain global bond markets.CanadaJan 9, 2019
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Finance Minister Morneau announces Tiff Macklem as new Bank of Canada governorFinance Minister Bill Morneau announced Tiff Macklem as the new governor of the Bank of Canada during a press conference in Ottawa on Friday. Macklem is the dean of the business school at the University of Toronto is a former senior deputy governor of the bank. Macklem will replace Stephen Poloz whose seven-year term expires in...EconomyMay 1, 2020
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High fuel prices often solve themselves: Former Bank of Canada governor“The West Block” guest host David Akin is joined by former Bank of Canada governor Stephen Poloz to get his thoughts on the rising cost of living. Poloz explains how the current sky-high gasoline prices may be a self-correcting issue and what can be done to help rein in rising housing costs.CanadaMar 13, 2022
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Stephen Poloz outlines factors outside government’s budget that effect their economic outlookBank of Canada Governor Stephen Poloz outlined the three factors outside the federal budget that effected the BOC’s economic outlook for 2016.CanadaApr 13, 2016
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Poloz not concerned about a possible currency war with ChinaBank of Canada Governor Stephen Poloz told reporters Thursday morning that he is not concerned about the possibility of a currency war with China as markets in that nation and abroad continue to plunge.CanadaJan 7, 2016
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Poloz stand by assessment that Canada’s oil-based economy must ‘work itself out’Bank of Canada governor Stephen Poloz said Thursday morning that there is no simple policy to respond to the economic impact of plunging commodity prices.CanadaJan 7, 2016
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2015 economic growth ‘a little disappointing’, expects growth in 2016: BOC GovernorBank of Canada Governor Stephen Poloz says that current volatility in equity markets “not always a reflection of weak economic fundamentals.”CanadaJan 20, 2016
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Bank of Canada launches $10 bill featuring Viola Desmond into circulationBank of Canada’s Stephen Poloz announced the release of the new $10 bill featuring iconic civil-rights activist Viola Desmond that goes into circulation over the next few weeks, thanking all who developed the banknote.CanadaNov 19, 2018
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Bank of Canada raises benchmark interest rate to 1.5%The Bank of Canada has raised its benchmark interest rate to 1.5 per cent. Governor Stephen Poloz says the move draws on the recent strength in the economy in the hope of gaining maneuverability should trade tensions worsen in the future. Eric Sorensen reports.Global NationalJul 11, 2018
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Poloz: Interest rates expected to move higher ‘over time’Speaking to reporters Wednesday morning, Bank of Canada governor Stephen Poloz said he left language in his official release vague when it comes to the possibility of a future interest rake hike.CanadaJan 9, 2019