Bank of Canada governor kicks off Nunavut Mining Symposium

Stephen Poloz, the governor of the Bank of Canada, kicked off the Nunavut Mining Symposium in Iqaluit on Monday, April 1, with a speech about the challenges faced by the Canadian economy. “You are already feeling the impact of climate change here, and it will affect almost every aspect of life in the North. Lowering barriers to trade could certainly help mitigate these economic impacts,” he said. That includes trade barriers between the provinces and territories, said Poloz: “In a time of slow economic growth, this is too good an opportunity to pass up.” Poloz didn’t offer many hints where interest rates are headed. His next interest rate announcement will be on April 24. Members of the Baffin Regional Chamber of Commerce and Nunavut-NWT Chamber of Mines gathered for the speech. (Photo courtesy of the Bank of Canada)