The Canadian Press

2015-02-24 | BoC Poloz Oil

Preview Clip

The country's top banker says the impact of lower oil prices and how much they will hurt Canada's economy remains unclear. But Bank of Canada Governor Stephen Poloz says last month's surprise rate cut gives the bank time to figure out how best to steer the country back toward stability. (The Bank of Canada's next interest rate announcement is March 4th and many economists predict the central bank will cut its key rate by another quarter of a percentage point.)

Date: 2015-02-24
Placeline: LONDON, Ontario.
Source: The Canadian Press
Length: 12 seconds

Transcript Prediction: << the oil price that shot itself is the one certain size so the downside Risk insurance from the interest rate cut buys us some time to see how the economy actually responds >>