Where is this cheaper food they speak of? Everyone I know across Canada hasn't seen any decline since Poloz sewered the dollar with his two rate cuts. A rate hike (even to return to a paltry 0.75%)  is long overdue.

Look at the US and the Fed. Two years, two rate hikes, and they are in a virtuous circle of economic prosperity.

With the Bank of Canada, their overnight rate policy is like someone selling their used car and frantically cutting their price in the driveway for a buyer who wasn't interested. Who would want to buy that car? Since surely there must be something 'wrong' with it. Poloz should take look to the south to see what a successful monetary policy looks like - gradually raising rates and telegraphing that confidence to investors and their capital.