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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.

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