A Bank of Canada quandary Stephen Poloz, governor of the Bank of Canada, has retreated from his avowed determination to achieve what the central bank calls a “neutral range” for interest rates. Poloz’s chief worry for 2019 is an escalation in the U.S.-China trade war. Should that catastrophe be avoided, the Bank expects a difficult 2019 for resource-based Western Canada but quite strong growth elsewhere in the country. Stephen Poloz, governor of the Bank of Canada, will be keeping a close eye on the U.S.-China trade war, it’s escalation is his chief concern for 2019. Killing a Gap brand that long ago lost consumer relevance would mean cutting the parent’s sales by one-third.

Source: thestar January 01, 2019 19:41 UTC