I did an exit interview with the BoC's Poloz on May 26. A 2,500-word postmortem of the Poloz years is in edit, but in case @BloombergCA gets a copy of a draft, thought I'd publish some highlights. Nothing that changes the #cdnecon story, but here you go:

What's on Poloz's personal list of legacy items? His risk-management thesis is at the top. “It’s great to hear other central bankers using the term ... This mechanical interpretation of what we do, if there ever was a time for setting it aside, this is now." (2/n)

Poloz also is proud of how he overhauled communications, especially the decision to turn the opening statement at MPR pressers into something like minutes. "It’s not just about throwing out 20,000 words in minutes and saying, `There, now we’re transparent.'" (3/n)

Other legacy items? “We got the economy back home twice, right? After the (2014-15) oil shock and just three months ago we were home." ( #cdnecon might have been getting ready to pack up and leave home again pre-covid, but fair enough.) 4/n

And: "Got the first Canadian woman on a bank note (and I) got the first Canadian woman to sign a bank note. I’m very proud of that." Indeed. As Poloz said later, ridiculous it had taken so long. (5/n)

Poloz leaves with only one woman on Governing Council. He said BoC policy is bigger than the GC. Ten of 23 members of the executive leadership team are women. Very white, though. "You have a really good feeder stock for any retirements that happen from governing council." (6/n)

I asked Poloz if it is now convention that you have to leave the BoC to become governor. He started the trend, after all. "It felt like I was getting a divorce," he said of his decision to leave in '95. "It was traumatic." more ... (7/n)

"I don’t want people growing up here thinking that’s what they have to do." He said he made a point of making sure that internal candidates would be competitive with external ones. He did lots of mentoring and encouraged professional leaves from the BoC to gain experience. (8/n)

On the origins of Poloz's risk-management approach: “It’s pretty old in my mind. I used to always react negatively to these declarations that would come from commentators, whether on the Street or from journalists." more ... (9/n)

risk management, cont'd: “I remember a quote that really sticks in my mind. Someone said, `The only thing separating the Canadian dollar from from 50 cents is time. And I was like, `How could anybody say something like that?!'" (Hey #cdnecon, who said it??) 10/n

more risk management: "I began to think that the expectation of the public ... that somehow monetary policy was really scientific and could actually be engineered, would be something worth reteaching and shifting that mindset." (11/n)

Does Poloz think the risk-management approach will survive him? "I have reason to think it will because we’ve seen the benefits of it, and there are lots of people around who believe it, but I can’t guarantee that and maybe other people will have other ideas about it." (12/n)

On housing: "The fundamentals of the Canadian housing market remain very robust," Poloz said. "We have to wait and see how immigration ends up ... There is a really strong incentive for us to figure that out and have that remain as an engine of our economic growth." (13/n)

Reporting lesson: "If you say this or this could happen, and you’re gong to write it up, of course you might as well write up the worst sounding one, right?" Poloz said. "You’re just doing your job. But it is nobody’s midpoint. It's nobody's forecast of what will occur." (14/n)

Poloz's last words for his housing critics: "They just look at it and say, `Wow, you kept interest rates really low and therefore the housing market really expanded and that caused all of this to happen, all of this debt and these vulnerabilities. ... (15/n)

... Well, no, that was instead of a drawn out recession, possibly a depression. So aren’t we far better off?" (16/n)

More words for the housing critics: "There are lots of other scenarios I could sketch," Poloz said. "They don’t count for much because (they're) convinced that your doctor didn’t have to cause any pain and suffering to get you better. I’m sorry, life isn’t like that.” (17/n)

On why COVID-19 could spark a boost in entrepreneurship: "I think we are going to be in an environment where only the creative will prosper," Poloz said. "And so there is going to be all kinds of new single-person firms, small firms." more ... (18/n)

entrepreneurship, cont'd: "It will happen in spades. So we need to make sure our policies are really friendly to do that blossoming. Those are the jobs of the future.

"Anyway, that’s somebody else’s job." (20/20)