Central bank deputy governor repeats suggestion rates will rise over medium term

The Bank of Canada is seen in Ottawa on September 6, 2011. THE CANADIAN PRESS/Sean Kilpatrick

October 04, 2012 - 9:09 AM

OTTAWA - The Bank of Canada's second in command is continuing to suggest that interest rates will rise over the medium term. Deputy governor Tiff Macklem repeated Thursday an earlier statement by the central bank that "some modest withdrawal of the present considerable monetary policy stimulus may become appropriate."

News from © The Canadian Press, 2012

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