Poloz Says Export Puzzle Prompted Canada Downside Risk Language

(Bloomberg) — Bank of Canada Governor Stephen Poloz said he’s been puzzled by the nation’s export under-performance, and it’s this “lack of understanding” that prompted his central bank to flag downside risks to the nation’s economy.Speaking to reporters in Washington on Saturday, Poloz said the Bank of Canada is looking more closely at the causes of this year’s weakness in exports, which have resulted in slower-than-expected growth. The central bank will have more to say about the issue at its next rate decision Oct. 19, Poloz said.“It’s our lack of understanding frankly that …
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