Bank of Canada governor Stephen Poloz says youth unemployment and underployment is the issue that troubles him 香蕉视频直播渕ost personally.香蕉视频直播�

The Bank of Canada governor says it香蕉视频直播檚 been a 香蕉视频直播渢ough go香蕉视频直播� for many young people in the recovery from the financial crisis.

There is no prearranged route for further interest-rate hikes from the Bank of Canada, Poloz insisted this week as he signalled the bank would be taking a more cautious approach to any future increases.

The central bank raised rates twice over the summer following the economy香蕉视频直播檚 surprisingly powerful start to the year.

Moving forward, however, Poloz said bank officials will carefully assess a long list of lingering unknowns and external risks to their outlook. The goal is to update their understanding of the economy 香蕉视频直播渋n real time,香蕉视频直播� he said.

香蕉视频直播淭here is no predetermined path for interest rates from here,香蕉视频直播� Poloz said in a speech to the local board of trade in St. John香蕉视频直播檚.

香蕉视频直播淎lthough we are confident that the economy has made significant progress, we simply can香蕉视频直播檛 be certain of exactly how far there is left to go.香蕉视频直播�

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Poloz香蕉视频直播檚 speech comes after the sizzling Canadian economy spurred the bank to raise the rate twice 香蕉视频直播� first in July and then again earlier this month.

Poloz shared several 香蕉视频直播渦nusual香蕉视频直播� unknowns now under close watch by the bank as it considers future moves. They include elevated levels of household debt, downward pressure of technological breakthroughs on inflation and slower-than-expected wage growth.

He also noted how the period since the financial crisis has brought in a protracted period of slow economic growth and extremely low interest rates.

香蕉视频直播淭he fact is, nobody really knows,香蕉视频直播� Poloz said in response to a question about where rates could go from here.

香蕉视频直播淲e香蕉视频直播檙e in uncharted territory.香蕉视频直播�

In his address, Poloz warned that more surprises could lie ahead 香蕉视频直播� in 香蕉视频直播渆ither direction.香蕉视频直播�

The speech pointed out that the bank香蕉视频直播檚 decisions have become 香蕉视频直播減articularly香蕉视频直播� data-dependent due to uncertainties such as geopolitical developments and protectionist sentiments in some parts of the world.

He also offered details about the bank香蕉视频直播檚 decision to raise the rate a second time following a run of unexpectedly strong economic numbers.

Poloz noted, however, that he doesn香蕉视频直播檛 expect the economy to maintain the torrid pace it set in the first half of 2017.

The Canadian Press

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