BOC's Poloz continues to speak: temporary factors holding down inflation will dissipate

Poloz has been speaking to reporters:

• Labour market room to go
• Supply-side is growing more than built-in
• We usually overpredict inflation during this part of the cycle
• An awful lot" of people weren't surprised by hike in September
• An overshoot of inflation isn't something we would ever plan for, but a target range allows for things beyond your control
• Communication strategy is under active discussion at BOC
• We are in unchartered waters in terms of what our global economies have been through
• Things are assumed in our models that may not operate exactly as they have in the past
• We have to continue to try to understand unknowns
• Declines to describe CAD as harmful or helpful, says it's factor that needs to be considered