Bank of Canada sees less volatility from US Fed tapering

OTTAWA: Market volatility spurred by the U.S. Federal Reserve's plans to scale back its massive stimulus program is far less of a concern now than it was earlier this year, Bank of Canada GovernorStephen Poloz told Reuters on Tuesday.

Investors understand the Fed's thinking much better than they did when Chairman Ben Bernanke first mentioned the possibility of tapering the U.S. central bank's $85 billion in monthly asset purchases on May 22, Poloz said.