Effect of Rate Hikes on Economy Will Be More Powerful Than People Think: Poloz

Effect of Rate Hikes on Economy Will Be More Powerful Than People Think: Poloz
Former Bank of Canada governor Stephen Poloz delivers a keynote address to a business conference, Nov. 24, 2022 in Ottawa. The Canadian Press/Adrian Wyld
The Canadian Press
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Former Bank of Canada governor Stephen Poloz says the effect of interest rate hikes will be larger than people anticipate.

Speaking at a conference in Ottawa hosted by Western University’s Ivey Business School, the former governor warns today’s economy is more sensitive to interest rates than it was 10 years ago.