BULLET: CANADA BOC: Gov Stephen Poloz says effects of US and.>

CANADA BOC: Gov Stephen Poloz says effects of US steel and aluminum 

tariffs and retaliation, both in Canada and globally, will be prominent 

in BOC's upcoming deliberations and will be incorporated in July 

projectns. New lending guidelines impact on hsg mkt and mortg renewals 

in Canada will also 'figure prominently' in deliberations. Poloz also 

excluded fwd guidance now, as it wld put BOC's credibility at risk given 

the 'complex uncertainties we face today.' Fin mkts understood May 30 

message; but drafting each int rate announcement on a blank page. BOC 

'particularly data-dependent right now'. Cannot mechanically follow rate 

path provided by models. No fwd guidance has resulted in stronger mkt 

signalling. Mkt signals have never been more valuable to policy makers. 

Speech to Greater Victoria Chamber of Commerce, BC, otherwise focused on 

BOC's efforts to be more transparent.