Canada is in a very good fiscal situation and should not be worried about running up deficits at this point, Bank of Canada Governor Stephen Poloz said in a television interview aired on Sunday. Pressed in an interview with Global on whether there is a danger to running budget deficits, Poloz said Canada is a long way from that point. "There is a balance somewhere but I can tell you that I think we're pretty far away from that balance point," Poloz said in an interview with Global's The West Block with Tom Clark. "Now you're right, there is a balance point in all this but Canada is in a very good fiscal situation so we shouldn't be worrying about that at this time," he said. Poloz said investing in infrastructure should help companies boost growth, which in turn will help government revenue.

Source: CBC News October 24, 2016 01:07 UTC