Bank of Canada governor Stephen Poloz said Thursday he doesn't know the potential for the country's central bank to hike interest rates again this year. "That's a question even I don't know the answer to," Poloz said during an interview with CNBC during the World Economic Forum in Davos, Switzerland. The bank now expects Canada's economy to expand by 2.2 per cent this year and 1.6 per cent next year. Poloz declined to comment on the Canadian dollar, which shot up Wednesday following comments from U.S. Treasury Secretary Steven Mnuchin that the weaker greenback was positive for U.S. trade. The loonie was trading Thursday at 81.33 cents US, up more than 0.34 of a cent from Wednesday.

Source: CBC News January 25, 2018 16:18 UTC