Stephen Poloz on economic impacts and preparing for the future

What Canadian businesses need to know

Navigating through the uncertainty of the effects of the COVID-19 pandemic and evolving economic impacts is a strategic imperative that will continue to emerge, as Canadian enterprises and industries are engaged in planning for the future at a time when that future is still very uncertain. Businesses will need to capitalize on new opportunities for growth and engage in international trade and development prospects, while addressing and adapting to current issues and the challenges that remain ahead.

To help clients navigate through the “unknowable,” including emerging economic impacts, Osler Special Advisor Stephen Poloz provides significant expertise and strategic guidance regarding the financial system, trade, and economic policy, both domestically and on a global scale.

Below are resources featuring Stephen’s strategic insights on a range of economic considerations affecting the evolving business landscape. 

Stephen Poloz

Stephen Poloz

Special Advisor
spoloz@osler.com
tel: 613.787.1013

Stephen Poloz is a widely recognized economist with nearly 40 years of experience in financial markets, forecasting and economic policy, including 35 years in the public sector. Prior to joining Osler, Stephen was the ninth Governor of the Bank of Canada, Canada’s central bank. He provides expert insight to help organizations adapt their business strategies to meet the evolving challenges and opportunities presented by new and dynamic market realities. Clients benefit from his extensive experience in influencing global economic policy and providing key advocacy for Canadian positions and businesses, as well as his singular ability to translate complex and dynamic economic and market information into the business context. Learn more about Stephen

Resources

Stephen Poloz

Stephen Poloz on rising interest rates, central banks and gold

Kitco News – May 31, 2022

In an interview on Kitco News, Stephen talks about stagflation, the anticipated impact of rising interest rates on Canada’s housing markets, central bank independence and the possibility of a recession.

Stephen Poloz

Stephen Poloz on stagflation

The Globe and Mail – May 24, 2022

In a C.D. Howe Institute podcast reported on by The Globe and Mail, Stephen discusses how Canada is heading into a period of slowing growth and high inflation, which he does not necessarily think will last long. He also comments on how the Bank of Canada will need to pay close attention to incoming economic signals to ensure the economy does not slip into a recession.

Stephen Poloz

Spring 2022 economic update with Stephen Poloz

Osler, Hoskin & Harcourt LLP – May 10, 2022

Stephen discusses the effects of rising interest rates, pressures affecting commodity prices and capital markets, geopolitical and economic uncertainty and more in this quarterly update.

Stephen Poloz

Stephen Poloz on inflation and central bank projections

Financial Post – April 26, 2022

In conversation with Larysa Harapyn, Stephen talks about job vacancies, the uncertainty-related global economic slowdown and what factors need to go right to avoid a recession and keep inflation on target.

Stephen Poloz

Stephen Poloz on the federal budget, inflationary pressures and labour shortages

Financial Post – April 14, 2022

Stephen explains how the federal budget exceeded many expectations, what policymakers can do to address labour shortages and inflationary pressures, quantitative tightening and encouraging investment in Canada.

Stephen Poloz

Stephen Poloz on interest rate hikes, economic capacity and inflation

CBC – April 13, 2022

On CBC’s Power & Politics, Stephen discusses the normalization of interest rates, the recent federal budget and the various causes of — and solutions to — inflation.

Stephen Poloz

Stephen Poloz on the cost of living and the federal budget

CBC – April 7, 2022

In an interview with Matt Galloway on The Current, Stephen explains what’s behind the rising cost of living, what governments can and can’t do to address it, and the importance of rebuilding fiscal buffers.

Stephen Poloz discusses optimism about recovery

Stephen Poloz on fiscal policy, housing and polarization

TVO – February 28, 2022

Appearing on The Agenda with Steve Paikin, Stephen explains the difficulties of economic forecasting, the role of central banks, Canada’s housing market and the personal and political effects of larger forces.

Stephen Poloz discusses optimism about recovery

Stephen Poloz on his new book, uncertainty and innovative solutions

Osler, Hoskin & Harcourt LLP – February 23, 2022

To mark the release of his new book, The Next Age of Uncertainty: How the World Can Adapt to a Riskier Future, Stephen discusses converging social and economic pressures in a special webinar event moderated by John Stackhouse.

Stephen Poloz on interest rates and K-shaped recovery

Stephen Poloz on rising volatility, debt and risk management

Financial Post – February 23, 2022

Appearing on the Down to Business podcast, Stephen explains the forces interacting to create new crises, why existing policy tools may not be enough to handle the coming challenges, drags on fiscal capacity, the energy transition and other topics.

Stephen Poloz discusses optimism about recovery

Stephen Poloz on ‘tectonic forces’ reshaping the economy

Financial Post – February 21, 2022

In his new book, Stephen considers the five massive social and economic trends converging over the next decade, how economists and policymakers must adapt their thinking, and the role corporate ESG can play in tackling inequality and climate change.

Stephen Poloz discusses optimism about recovery

Stephen Poloz on his new book, the inflation debate and economic uncertainty

Maclean’s – February 7, 2022

In an interview with Maclean’s, Stephen discusses inflation and how a near-death experience changed his outlook on life. Read the full article

Stephen Poloz discusses optimism about recovery

Winter 2022 economic update with Stephen Poloz

Osler, Hoskin & Harcourt LLP – February 15, 2022

Stephen reviews global supply chain constraints, shifts in consumer focus from goods to service industries as pandemic restrictions lift, anticipated normalization of interest rates, the relationship between oil prices and the Canadian dollar, the demographic and other factors affecting the labour market and other timely topics.

Stephen Poloz discusses optimism about recovery

Stephen Poloz on inflation, supply side economics

The Globe and Mail – December 27, 2021

In a year-end interview with The Globe and Mail, Stephen discusses the impact demographics is having on the economy, issues around inflation, and risks relating to supply and demand.
Access the full interview

Stephen Poloz on economic health

Stephen Poloz on Canada’s fiscal plan, interest rates and cost of living

Global News – December 12, 2021

In an interview on Global News’ The West Block, Stephen discusses Canada’s fiscal plan, the importance of maneuverability, measures that could enhance growth, inflation, fluctuating costs of living and more.

Stephen Poloz on economic health

Stephen Poloz on Canada’s inflation rate

CTV – November 28, 2021

During an interview on CTV's Question Period, Osler Special Advisor Stephen Poloz shared his view that government spending and stimulus are not to blame for increased inflation.

Stephen Poloz on economic health

Fall 2021 economic update with Stephen Poloz

Osler, Hoskin & Harcourt LLP – November 4, 2021

Stephen discusses downstream effects of shifting dynamics in labour markets, the role of worldwide vaccine distribution in economic recovery and supply chain issues, financial and technological paths to environmental progress and more.

Stephen Poloz on economic health

Stephen Poloz on inflation versus prices and K-shaped recovery

BNN Bloomberg – November 4, 2021

Stephen shares his views on transitory inflation versus rising prices and adjusting wages, potential impacts of the energy transition and more in an interview with BNN Bloomberg.

Stephen Poloz on economic health

Stephen Poloz on supply chain issues, scenario planning and economic recovery

Osler, Hoskin & Harcourt LLP – October 8, 2021

Stephen examines disruptions to the global supply chain, the benefits of scenario planning, factors affecting economic recovery around the world and more in a webinar with Osler partners Andraya Frith and Wendy Gross.

Stephen Poloz on economic health

Stephen Poloz on economic health, monetary policy and vulnerabilities

BNN Bloomberg – September 14, 2021

Stephen shares his views on the overall health of the Canadian economy, housing affordability, discussions around inflation and rising interest rates, the Canadian dollar and more in an interview with BNN Bloomberg.

Stephen Poloz discusses economic recovery

Stephen Poloz on The Monthly

Government Analytics – August 5, 2021

Stephen discusses workforce trends, addressing inequality, interest rates, uncertainty around Canada’s economic future and more with Senator Pamela Wallin in a webinar organized by Government Analytics.

Stephen Poloz discusses economic recovery

Summer 2021 economic update with Stephen Poloz

Osler, Hoskin & Harcourt LLP – July 27, 2021

Stephen shares his thoughts on Canada’s post-pandemic economic recovery, inflation and more.

Stephen Poloz discusses economic recovery

Stephen Poloz on inflation, immigration, and commodities

Financial Post – May 13, 2021

Stephen discusses inflation, higher commodity prices, and Canada’s need to grow through immigration, with Larysa Harapyn.

Stephen Poloz discusses economic recovery

2021 economic update with Stephen Poloz

Osler, Hoskin & Harcourt LLP – April 28, 2021

Stephen shares his views on the budget, the economy and what to expect for the remainder of 2021.

Stephen Poloz discusses economic recovery

Stephen Poloz on building a resilient post-pandemic Canadian economy

True North Free Trade Forum – March 30, 2021

Stephen shares his thoughts on how governments can support economic growth in a post-pandemic world in keynote remarks delivered at the True North Free Trade Forum.

Stephen Poloz discusses economic recovery

Stephen Poloz on rising interest rates as a symptom of an economy that is back on track

BNN Bloomberg – March 18, 2021

Stephen discusses the risk of inflation ahead, Canada's economy and his latest view on what to expect in terms of recovery.

Stephen Poloz discusses economic recovery

Stephen Poloz discusses outlook for Canadian economy as pandemic continues

BNN Bloomberg – January 15, 2021

Stephen shares his outlook for the economy, remaining optimistic for recovery and noting Canada must improve its competitiveness in the wake of the situation.

Stephen Poloz discusses economic recovery

Fireside chat with Stephen Poloz on Canada's economic outlook

The Ivey Academy – January 14, 2021

Stephen and Maclean's journalist Paul Wells discuss Canada's outlook in the second year of global disruption in this virtual fireside chat.

Stephen Poloz discusses economic recovery

Understanding the K-shaped economic recovery

Osler, Hoskin & Harcourt LLP – December 8, 2020

Stephen provides insight into the forces acting on the economy and Canada’s K-shaped recovery in his article for Osler’s Legal Year in Review.

Early post-pandemic considerations for financial markets with Stephen Poloz

Early post-pandemic considerations for financial markets with Stephen Poloz

PMAC National Conference – November 17, 2020

Stephen discusses the challenges and opportunities ahead and has a Q&A with Lesley Marks, CIO and Head of Investment Management, BMO Private Wealth Canada.

Stephen Poloz discusses economic recovery

Stephen Poloz discusses economic recovery and growth

The Globe and Mail – November 17, 2020

Stephen talks about economic recovery, including the muted K-shaped recovery currently underway and how governments can reduce impediments to growth.

Stephen Poloz on economic recovery

Newsmaker virtual fireside chat with Stephen Poloz

Turnaround Management Association Toronto – November 12, 2020

Stephen joins Deland Kamanga, Head Global Markets, BMO Capital Markets, to share his insights on the economic crisis, including the financial stress in the Canadian energy sector.

Stephen Poloz on interest rates and K-shaped recovery

Stephen Poloz on interest rates, our oil industry and the K-shaped recovery

Episode 77 of “Down to Business” podcast, Financial Post – November 11, 2020

Stephen discusses effects of the U.S. presidential election and Canada’s economic recovery in the wake of the COVID-19 pandemic with podcast host Gabriel Friedman.

Stephen Poloz MPAC Virtual Leader Chat

Effects of the COVID-19 pandemic on the economy and navigating our way forward

Municipal Property Assessment Corporation – October 29, 2020

Stephen sat down with Nicole McNeill, President and CAO of MPAC, to share his views as part of a virtual leader chat.

Rebuild Canada Growth Summit with Stephen Poloz

Rebuild Canada Growth Summit with Stephen Poloz

Public Policy Forum (PPF) – October 19, 2020

Stephen joins Brian Bohunicky, Vice-President of Policy, PPF, for a virtual fireside chat to discuss Canada’s economic outlook, including considerations regarding government debt and navigating uncertainty.

Stephen Poloz talks to BNN’s Amanda Lang

Former Bank of Canada Governor Poloz on stimulus, easing

Virtual Canadian Fixed Income Conference, Bloomberg – October 13, 2020

Stephen speaks with BNN’s Amanda Lang about his thoughts on stimulus, easing and what’s around the corner in 2021.

Stephen Poloz on infrastructure spending

Will infrastructure spending be part of Canada’s economic recovery plan?

Osler, Hoskin & Harcourt LLP – September 23, 2020

Stephen Poloz and Osler partners Chris Bennett and Richard Wong discuss trends in infrastructure spending, the pipeline of projects being put forward, and other topics.

Stephen Poloz on economic recovery

Stephen Poloz on post-pandemic economic recovery and navigating uncertainty

Osler, Hoskin & Harcourt LLP – September 10, 2020

Stephen shares his views on navigating through uncertainty and touches on several timely topics, including the effects of the COVID-19 pandemic on globalization and the Canadian economy.

 

As the former Governor of the Bank of Canada, Stephen is subject to certain continuing restrictions that apply to his presentations and discussions. His remarks are his own personal views and do not represent the views of the Bank of Canada, his former office, the Government of Canada or any of its departments. His presentations have been based on data and information that are publicly available.