If he’d been playing hockey, it would have been an elbow to the face of an opponent on his way to the bench.
Stephen Poloz, the Bank of Canada governor, had been speaking to the Empire Club of Toronto for about 25 minutes on Dec. 12. He had delivered roughly 2,500 words of his 3,000-word speech and he had just completed making the fourth of his four points.
But on his way to the conclusion, Poloz pulled a veteran’s move, throwing a rhetorical sucker punch at a group of upstarts who would rewrite the rules of monetary policy.
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