Canadian households may be responding to higher interest rates - Poloz
Canadian governor says higher interest rates will be warranted “over time”
Higher interest rates may be curbing Canadian households’ demand for credit, the governor of the Bank of Canada said on April 18.
Stephen Poloz announced the bank would keep policy rates on hold at 1.25%, adding the central bank was continuing to monitor data for evidence the sensitivity of the economy to interest rates has risen with household indebtedness.
“This issue will take longer to assess, especially given that the housing market and mortgage lending have also been affected by the new
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