Stephen Poloz to step down: How Canada’s top banker went from folksy obscurity to steady hand

OTTAWA — Outgoing governor Stephen Poloz once joked that, after being chosen to succeed Mark Carney as head of the Bank of Canada in 2013, he was received much like the guy who replaced Wayne Gretzky. That is to say: nobody actually remembers the guy who replaced The Great One. Poloz was plucked from relative […]

Scotiabank pushes back its Bank of Canada rate cut forecast following Poloz remarks

Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. The change of forecast comes on the heels of comments Thursday by Governor Stephen Poloz, which sent the Canadian dollar higher against its U.S. counterpart and tempered market expectations for […]