BoC's Poloz: Oil price slump is a material shock to the economy

BoC Governor Stephen Poloz, talking to BBG TV on the sidelines of World Economic Forum in Davos, said that oil price slump is a material shock to the economy and will knock about 0.4% from GDP.

Additional quotes:

   •  The Canadian economy is in good shape.
   •  Global trade tension is a two-sided risk. 
   •  A resolution would lift global growth. 
   •  Canadian policy is data dependent.
   •  The neutral rate is seen at 2.5% to 3.5%.