Bank of Canada sees reduced economic risk from global trade disputes

"Certainly, it seems that the potential downside risks have eased as the United States and China approach a deal. This all bears watching during the coming year," Poloz told a business audience in Vancouver.

VANCOUVER: The potential downside risks from global trade friction seem to have eased although much uncertainty remains around implications for Canada's economy, which was hurt by temporary factors in recent months, Bank of Canada Governor Stephen Poloz said on Thursday.

"Certainly, it seems that the potential downside risks have eased as the United States and China approach a deal. This all bears watching during the coming year," he told a business audience in Vancouver.