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Poloz Signals End to Canada Rate Cuts on U.S. Growth Risk

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Bank of Canada Governor Stephen Poloz said his January interest-rate cut seems sufficient to put the economy back on track amid rebounding oil prices, and signaled the biggest risk to his forecasts may be U.S. outperformance.

“The U.S. economy has great fundamentals,” Poloz said during a talk Monday at the Bloomberg Americas Monetary Summit in New York. “I think it’s going to pop and we’ll have performance there that is a lot stronger than everyone’s expecting.”