Nov 04/14 – Poloz just gave you the all clear to lean against the Loonie

Yesterday Bank of Canada Governor Stephen Poloz gave a speech titled “The Legacy of the Financial Crisis: What we know, and what we don’t.” It is probably the most dovish speech I have ever heard a Bank of Canada Governor make. Poloz argues that although the global recovery since the 2008 credit crisis has been disappointing, the alternative of trying t…