Bank of Canada governor Stephen Poloz says youth unemployment and underployment is the issue that troubles him 91裸聊视频渕ost personally.91裸聊视频�

The Bank of Canada governor says it91裸聊视频檚 been a 91裸聊视频渢ough go91裸聊视频� 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 economy91裸聊视频檚 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 91裸聊视频渋n real time,91裸聊视频� he said.

91裸聊视频淭here is no predetermined path for interest rates from here,91裸聊视频� Poloz said in a speech to the local board of trade in St. John91裸聊视频檚.

91裸聊视频淎lthough we are confident that the economy has made significant progress, we simply can91裸聊视频檛 be certain of exactly how far there is left to go.91裸聊视频�

WATCH:

READ MORE:

Poloz91裸聊视频檚 speech comes after the sizzling Canadian economy spurred the bank to raise the rate twice 91裸聊视频� first in July and then again earlier this month.

Poloz shared several 91裸聊视频渦nusual91裸聊视频� 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.

91裸聊视频淭he fact is, nobody really knows,91裸聊视频� Poloz said in response to a question about where rates could go from here.

91裸聊视频淲e91裸聊视频檙e in uncharted territory.91裸聊视频�

In his address, Poloz warned that more surprises could lie ahead 91裸聊视频� in 91裸聊视频渆ither direction.91裸聊视频�

The speech pointed out that the bank91裸聊视频檚 decisions have become 91裸聊视频減articularly91裸聊视频� data-dependent due to uncertainties such as geopolitical developments and protectionist sentiments in some parts of the world.

He also offered details about the bank91裸聊视频檚 decision to raise the rate a second time following a run of unexpectedly strong economic numbers.

Poloz noted, however, that he doesn91裸聊视频檛 expect the economy to maintain the torrid pace it set in the first half of 2017.

The Canadian Press

Like us on and follow us on .