UPDATE 1-Oil price shock soon to be positive overall for Canada -Poloz

April 24, 2015 3:26 PM

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WASHINGTON, April 24 (Reuters) - Canada's economy will start to show more positive than negative effects from the drop in oil prices from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

The Bank of Canada kept interest rates on hold last week after a surprise 25-basis-point cut in January, and markets have unwound bets on a further cut this year as prices for oil, a major Canadian export, stabilize.

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