May 1, 2019 / 9:07 PM / 7 months ago

Bank of Canada says rates will go up if economic headwinds dissipate

OTTAWA, May 1 (Reuters) - Bank of Canada Governor Stephen Poloz said on Wednesday that interest rates would rise from their current low levels if the headwinds affecting the Canadian economy were to dissipate.

Poloz also told the Senate banking committee that high levels of personal debt meant the economy was more sensitive to interest rates than it had ever been. (Reporting by David Ljunggren; Editing by Peter Cooney)

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