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Poloz Says Canada’s Economy Entered ‘Sweet Part’ of Business Cycle

  • Governor puzzled by claims that inflation ‘missing in action’
  • Bank of Canada is in intense data-dependent mode: Poloz
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Canada’s economy may be entering into a “sweet part” of the business cycle where it can run at a faster pace without triggering inflation pressure, Bank of Canada Governor Stephen Poloz said.

Poloz, speaking to reporters Saturday in Washington, said there are signs investment could become a more important part of the growth story. Such spending not only fuels the expansion, but at the same time grows the economy’s production capacity and potentially helps to mitigate inflation, he said.