Highlights of BOC Governor Poloz's and deputy Wilkins' press conference:

  • Canadian economic momentum is building
  • Categories of exports that were expected to lead the Canadian recovery have grown strongly in recent months
  • Less than half of rate cut has materialized
  • Non-energy exports will be 'backbone' of Canadian recovery
  • BOC will 'wait and see' on fiscal policy after election

Watch the press conference live here and see Poloz's hand-waving in full force.