Bank of Canada’s Poloz: Recovering From Nafta Uncertainty Could Take Time

Central bank governor also says he expects a soft landing for Canada’s housing markets

OTTAWA—Canada’s business investment and exports have suffered on trade policy uncertainty and may not immediately recover once talks on the North American Free Trade Agreement conclude, Bank of Canada Gov. Stephen Poloz says.

In an interview with The Wall Street Journal on Wednesday, Mr. Poloz said he is hopeful many firms will start increasing their investments in Canada once Nafta uncertainty has ended. However, he said firms that have already opted to expand their operations outside of Canada may not be in a position to...