Long-term rate hikes effects will be 'more powerful' than people think: Stephen Poloz

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Former Bank of Canada governor Stephen Poloz warned today\u0027s economy is more sensitive to interest rates than it was 10 years ago. Read more.

Speaking at a conference in Ottawa hosted by Western University’s Ivey Business School, the former governor warned today’s economy is more sensitive to interest rates than it was 10 years ago.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try again“Does anybody here think the sensitivity of the economy to interest rate movements is less today than it was five or 10 years ago?” Poloz asked.

 

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Long-term rate hikes effects will be 'more powerful' than people think: PolozThe full effects of interest rate hikes have yet to be felt — and will be 'even more powerful' than many anticipate, former Bank of Canada governor Stephen Poloz says.
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