The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Bank of Canada Governor Stephen Poloz has dropped the bank’s tightening bias.
Bank of Canada Governor Stephen Poloz has dropped the bank’s tightening bias.
(CHRIS WATTIE/REUTERS)

Poloz dubbed ‘Yellen of the North’ for loosening language

At last, the Bank of Canada is acknowledging what plenty of business people and more than a few analysts have been saying for the better part of two years. Canada’s economic engine is sputtering, that troubled U.S. and emerging export markets are in no position to provide a badly needed lift and that previous forecasts were simply too rosy.