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Bank of Canada Governor Stephen Poloz (L) addresses reporters at a news conference with Canada's Minister of Finance Jim Flaherty (2nd R) after a G20 finance ministers and central bank governors meeting at the start of the annual IMF-World Bank fall meetings in Washington, October 11, 2013.
Bank of Canada Governor Stephen Poloz (L) addresses reporters at a news conference with Canada's Minister of Finance Jim Flaherty (2nd R) after a G20 finance ministers and central bank governors meeting at the start of the annual IMF-World Bank fall meetings in Washington, October 11, 2013.
(Jonathan Ernst/Reuters)

Bank of Canada’s optimism at odds with business reality

In a speech last month, Bank of Canada Governor Stephen Poloz expressed optimism that Canada’s business owners are gaining confidence – something he considers a key to unlocking long-dormant business investment. But now it appears that their confidence may stem from the feeling that it can’t get much worse.