Bank of Canada Governor Stephen Poloz concedes there’s a lot of uncertainty when it comes to the economy and where interest rates may be heading.
Poloz says the Canadian economy’s performance has exceeded expectations but wage growth has been slower than anticipated.
Annual economic growth as of the end of August surpassed 4 per cent but Poloz doesn’t expect it to remain that high.
He does say businesses across a wide range expect their sales to improve and hiring intentions have reached a record high.
(Photo from CPAC)