BoC's Poloz says wants the economy to run hotter for a while

Governor of the Bank of Canada Steve Poloz

• We can see excess capacity in the labor market, which is a divergence you see in slow cycles
• We want the economy to run hotter for a while to use up excess capacity
• A governor can't stop talking about household debt, by-product of monetary policy, want to make sure we don't underestimate how important that is
• Very important that we have an independent monetary policy, we are a year or two behind the US in the cycle

Headlines via Reuters

Earlier comments from Poloz:

• BOC's Poloz: Caution isn't a code word for being on hold

Sounds like it'll be a while before Mr. P is hiking again