The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be "steadily withdrawn." In prepared remarks of Poloz's speech Monday in the United Kingdom, he said the world economy has made considerable progress in shaking off the effects of the 2007-08 financial crisis. Interest rates around the world have remained very low over that period. "In general, it is not appropriate for a central bank to formulate policy based on only one side of a risk distribution. He also said the central bank will pay close attention to new developments in international trade.

Source: CBC News November 05, 2018 13:30 UTC