Bank of Canada Governor Stephen Poloz: falling oil prices are negative for the Canada’s economy

Market news

21 January 2015

Bank of Canada Governor Stephen Poloz: falling oil prices are negative for the Canada’s economy

The Bank of Canada Governor Stephen Poloz said today that falling oil prices are negative for the Canadian economy.

He added that falling oil prices reduce Canada's income, "and investment and employment in the energy sector are already being cut".

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