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BULLET: CANADA BOC:Deputy Gov Lawrence Schembri says less G7.>

CANADA BOC:Deputy Gov Lawrence Schembri says less space across G7 
for more brrwg to stimulate dmd given high household, government debt. 
Gradual decline in neutral int rate reduces scope of cent bnks to adjust 
pol rates. Underlyng econ gwth expectd to remain low or slow furthr. 
Cyclical forces may be less powerful amid high debt and if confid slow 
to rebound. So pol might have to be more aggressive to boost dmd. Crisis 
showed benefits of simultaneous policy actions (fiscl, monpol). Monpol 
may need other pol supprt more often in future. BOC policy framework 
still works well. Speech was the Manitoba Association for Business 
Economics. 

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