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BRIEF-Bank of Canada: federal infrastructure impact not yet evident
January 18, 2017 / 4:28 PM / a year ago

BRIEF-Bank of Canada: federal infrastructure impact not yet evident

Jan 18 (Reuters) -

* Bank of Canada’s Poloz: potential U.S. fiscal shock would probably have small effects on Canada, boosting GDP by about 0.1 percent by 2018

* Bank of Canada’s Poloz: rise in U.S. bond yields, much of which has been imported into Canada, is at odds with canada’s macroeconomic situation

* Bank of Canada’s Poloz: previous export model may have put too much weight on developments in U.S. economy

* Bank of Canada’s Poloz: new economic models predict slower export growth in future than previous model

* Bank of Canada’s Poloz: economic projection continues to rely on expected effects of domestic fiscal stimulus

* Bank of Canada’s Poloz: main ingredient in forecast is federal infrastructure program, which is not yet evident in economic indicators we are tracking (Reporting By Leah Schnurr)

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