‘Biggest Threat’ to Canadian Economy Is a Global Trade War: Poloz

Posted April 29, 2019

Under Economic Issues, International Trade Issues

(Maham Abedi – Global News)

Bank of Canada governor Stephen Poloz says the country’s economy is going through “a bit of a soft patch” since late last year.

Poloz, who updated his outlook for the economy last week, spoke to Global News’ The West Block Sunday, explaining why there has been slower-than-projected growth.

“It’s the result of all those low oil prices that we had back last fall and the transportation constraints, and then we had some very nasty weather, which I’m sure you’re just barely forgetting now,” Poloz explained to host Mercedes Stephenson.

“The biggest threat to a number of global world economies, including our own,” is that of a trade war, he said. Click here to read more.