"The most important thing here is that this is good news for Canada," Poloz told reporters in an uncharacteristic flight of good cheer. The adverse impact of rising interest rates on Canadian borrowers has been the headline of many stories. But the Bank of Canada says a growing economy means people will be able to afford rate increases. (David J. Phillip/Associated Press)There is no question consumer interest rates are going up. "And given that base, we can also look at financial vulnerabilities and say, yes, it is appropriate today that interest rates rise for both reasons."

Source: CBC News July 13, 2017 09:00 UTC