Governor of the Bank of Canada: Stephen Poloz

Stephen Poloz: DALE CUMMINGS / , according to Winnipeg Free Press. "Just as the financial crisis triggered an atypical recession, the recovery cycle is unusual," Mr. Poloz said. "The rotation of demand will require more than just the ramping up of production. The sequence we can anticipate is the following: foreign demand will recover; our exports will strengthen further; confidence will improve; companies will invest to increase capacity; existing companies will expand and new ones will be created. In short, we need to see the reconstruction of Canada's economic potential, and a return to self-sustaining, self-generating growth. This sequence may already be underway." Stephen Poloz exuded a new confidence last week in his debut appearance as governor of the Bank of Canada before the Commons finance committee in Ottawa. Mr. Poloz became Canada's central bank chief on June 3, replacing Mark Carney who left to take over the running of the Bank of England. Enlarge Image Mr. Carney's discussions of economic conditions used to reflect the difficult times through which he had led the bank. Mr. Poloz recognized the damage suffered by Canadian industry and employment following the 2008 near-collapse of the U.S. banking system but he also described the stages by which Canada is already recovering. (www.immigrantscanada.com). As reported in the news.