VANCOUVER - The head of the Bank of Canada says the central bank will be watching for signs that fallout from trade disputes currently affecting Canada’s manufacturing sector has spilled over into additional industries. “The growth rate of the global economy will remain lower than it otherwise would have been ... because you’ve thrown sand into the wheels of global commerce. In a news conference after the event, Poloz played down recent disappointments in economic growth and consumption statistics and said there aren’t compelling reasons to change his outlook for Canada. You need a persistent period of excess supply or excess demand in order to turn that series into a different trend line. We haven’t had anything like that.”The bank is scheduled to make a rate announcement later this month.

Source: thestar January 09, 2020 18:45 UTC