BULLET: CANADA BOC: Gov Stephen Poloz repeats will need to...>

CANADA BOC: Gov Stephen Poloz repeats will need to raise pol rate to 

neutral over time but path 'highly uncertain'. Will remain 'decidedly 

data-dependent'. Will watch data, use judgement to deal w/uncertainties. 

Monpol still delivering stimulus today. In low rate environment, monpol 

has less power than fisc pol to stimulate economy. Elevated debt levels 

one reason BOC has been gradual. Carefully monitoring impacts of higher 

rates, mtg rules. More data will help better understand housing market. 

Housing activity a little weaker than expected recently. Expects 

investment spending to regain momentum in 2019. Future of global trade 

environment 'highly uncertain'. If pol rate left at 0.5% since 2015,infl 

wld approach 3% by now and likely cont to climb. Speech at Chamber of 

Commerce of Metropolitan Montreal, QC.