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Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,217,172,149
Close 2014-09-12 C$ 72.97
Market Cap C$ 88,817,051,713
Recent Sedar Documents

Globe says Big Five banks hear Poloz shies from debate

2014-09-15 06:48 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce

The Globe and Mail reports in its Monday edition that some observers believe central bankers should be seen more often than heard. The Globe's Kevin Carmichael writes that Bank of Canada Governor Stephen Poloz disapproves of the tendency of United States Fed officials to debate in public. Purists say too much talk by central bankers risks confusion and volatility. St. Louis Fed president James Bullard disagrees. He says, "You need to pull everybody in and get good understanding of what policy is going to be." This week Mr. Poloz will attempt to clarify how the exchange rate factors into his decision making, as the Fed's policy committee gathers for a meeting in Washington. Mr. Poloz will be under pressure to erase lingering suspicions that he favours a weaker currency. In Washington, there could be meaningful changes in the guidance contained in the Fed's official policy statement. Fed officials spoke more than 170 times in 2013. That is too much, says Santa Fe Group consultant Stuart Weiner. He says, "There is a disconnect at times between influence and accountability." GMP strategist Adrian Miller says when Mr. Bullard "begins to lean one way or another, the market notices."

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