BoC's Poloz worried about deflation, fresh reason to sell CAD

FXstreet.com (Bali) - BoC's Poloz crossed the wires with some incendiary comments for the interest of Canadian Dollar dealers, saying he remains most worried about inflation under-performing, which reinforces the neutral to dovish stance by the Central Bank.

Poloz added that the BoC should hold rates until data flow changes bank's perception towards price levels, while also making reference to exercise caution on steady rates as they cannot afford the risk of a misjudgment in possible deflation pressures. Lastly, Ploz said: "It’s a difficult one to explain right now; that always makes you worry,” he said."