Poloz Calls Canada Inflation, Business Data Encouraging

Recent data on Canadian inflation and business creation are encouraging and support the central bank’s view that a recovery in the world’s 11th largest economy is under way, Bank of Canada Governor Stephen Poloz said.

While it’s too early to declare that a rebound is assured, economic data are supporting the message from the bank’s models that faster growth is coming, Poloz said in an interview in Sydney, where he’s attending the Group of 20 meeting of finance ministers and central bankers.