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Poloz Sees Heightened Uncertainty in Canada After Trump Win

  • Questions about trade, business investment weigh on economy
  • Governor says central bank is waiting to see actual policies
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Poloz: Canada Economic Uncertainty High After Trump Win

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Bank of Canada Governor Stephen Poloz said it’s too soon for the central bank to fully factor in policies linked to Donald Trump’s election that have driven up global bond yields.

Poloz, in an interview with Bloomberg TV Canada’s Amanda Lang on Monday, said the jump in yields doesn’t reflect any actions taken by the U.S. government and the Bank of Canada sees it as hypothetical. Separately, he told a business audience in Toronto later in the day that Canadian monetary policy may still diverge from the U.S., where an economic recovery is more advanced.