Bank of Canada Governor Stephen Poloz: global regulatory reform is required

Market news

11 December 2014

Bank of Canada Governor Stephen Poloz: global regulatory reform is required

The Bank of Canada Governor Stephen Poloz said today in a speech in New York that it will take two years "before the Canadian economy returns to steady growth". But he added that it is impossible "without vigorous and innovative financial intermediation".

Poloz noted that "global regulatory reform was absolutely essential".

WTI fell to the lowest level since July 2009

U.S. business inventories rose by 0.2% in October

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