Wilkins also chiming in...
Poloz:
- Debt levels and economy change sensitivity to rates
- risks of elevated household debt are top of Bank of Canada's mind
- elevated debt levels raise vulnerability to other shocks
- debt is second-quarter consequence policy
- Canada government debt levels are low
- trade deficit reflects a strong economy
- Economy operating close to potential for the first time in years
Wilkins:
- We think wages will continue to increase
