BULLET: CANADA: BOC Gov Stephen Poloz said in year-end.......>

     CANADA: BOC Gov Stephen Poloz said in year-end economic progress 

report Toronto Thurs that present 1.75% policy rate is appropriate "for 

the time being." It must move to  neutral range of 2.5%-to-3.5% but pace 

of rises to be "decidedly data dependent." In generally positive or 

stable outlook for Canada econ, said Canada financial system risk still 

same as six months ago, although  in Western Canada energy provinces a 

painful adjustment is developing having meaningful impact on whole 

economy. Still,net effects of lower oil prices on econ to be lower than 

in oil price shocks of 2015. Chief vulnerability for Canada is in 

housing and household debt but they stabilizing with "far fewer" mtgs 

lent at highest debt-income ratios. However, housing vulnerability to 

last many years. Poloz sounded repeated warning about trade risks: 

rising tariffs hurt all.