Rates on the rise, Canadian central banker says

Canadian monetary conditions remain stimulative enough to require future interest-rate increases, Bank of Canada deputy governor Sheryl Kennedy said Wednesday in the latest reiteration of the central bank's recent hawkish line.

Kennedy's remarks came in a speech delivered to a business luncheon in Kitchener. A copy of the speech was posted on the Bank of Canada's Web site.

Kennedy repeated the conclusions of the central bank's recent monetary policy report update, in which the Bank of Canada p

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