Bank of Canada Governor Stephen Poloz says a lot of things need to come together before the bank is confident it's time for another interest rate increase, including a better understanding of the impact of recent rate hikes on the country's historic level of debt. Earlier this week, it chose to leave its benchmark interest rate steady at one per cent, prompting questions as to when the next increase might come. "There are a lot of things that have to come together before we feel confident that we're all the way there." Poloz said high levels of household debt make it more difficult to judge the economic impact of future interest rate hikes. "I don't want to stick our nose in the delicate process of negotiating," Poloz told The House.

Source: CBC News October 26, 2017 15:45 UTC