BOC's Poloz: Continued expansion of service sector pointing the way for full recovery

BOC Governor Poloz is crossing the wires, noting that continued expansion of service sector is pointing the way for full recovery.

Key Quotes

Sees sustained growth helped by service sector  economy

Process of recovery has been slower than desired but fully confident economy will return to full output

This comparative advantage has been strengthened by C$  decline in the past couple of years

Can expect the growth in service sector to play a larger role in economic recovery

Given economic shocks it's understandable there is skepticism about benefits of globalization and international trade