"This debt has increasing implications for monetary policy," he said in his address to the Yellowknife Chamber of Commerce. Poloz has introduced three rate hikes since last July following an impressive economic run for Canada that began in late 2016. The economic progress we have seen makes us more confident that higher interest rates will be warranted over time. Poloz added that moving too gradually could also entice Canadians to add even more debt and further boost vulnerabilities. "As they fade, the need for continued monetary stimulus will also diminish and interest rates will naturally move higher."

Source: CBC News May 01, 2018 20:03 UTC