More from Wilkins
Into some Q&A from the BOC senior deputy
- BOC outlined QE framework in 2009
- Limits of QE are still being tested in Europe
- Canada may never get to a lower bound on rates
- Oil shock still working through the Canadian economy
- Resources need to move from oil industry
- BOC sees adjustment happening now
- Full adjustment from oil shock will take time (probably around the time oil shoots back up ;-) )
It's all well and good saying the resource industry needs to change but it's all after the fact stuff. Firms need to be proactive not reactive to such shocks. The saying about eggs in one basket springs to mind
