There were some expectations that Bank of Canada governor Stephen Poloz would cut the rate given the poor economic forecasts.
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He was the choice of senior business journalists because of his work throughout a turbulent year.
Poloz is arguably Canada's most powerful economic policymaker. He has the ability to significantly change the bleak outlook facing young workers. Yet in essence, he encouraged unemployed youth to resign themselves to a grim reality, and simply find themselves something else to do. Working for free may not be ideal, he suggested, but it's better than nothing.
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