The Globe and Mail reports in its Monday edition that Bank of Canada Governor Stephen Poloz has a new and unflattering nickname -- BiPoloz. The Globe's Barrie McKenna concedes that the term is insensitive and politically incorrect. However, the epithet underscores how markets are still struggling to decode Mr. Poloz, two years after he replaced Mark Carney. One day, he is the eternal optimist, the glass-half-full guy, confidently predicting an export renaissance will save Canada's sputtering economy. The next moment he is a doomsayer, serving up a recession-like forecast and a second emergency interest rate cut in six months. Last week's quarter-percentage point reduction in the overnight rate to 0.5 per cent did not match the January cut on the shock metre. However, it still qualifies as a surprise, given that financial markets had not come close to pricing in the move into its interest rate expectations or the dollar. Both sides of Mr. Poloz were on full display last Wednesday, as the Canadian dollar tumbled following the rate decision. The bank's latest monetary policy report laid out a grim picture. BOC watchers were predictably split on whether Mr. Poloz will cut again this year.