Governor Stephen Poloz said he hears just how difficult higher borrowing costs can be straight from the people feeling the pain. Stephen Poloz, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Wednesday, Jan. 9, 2019. Bankruptcies are up in Canada, the head of the Bank of Canada said this week, and he expects they'll rise even more as the central bank continues to hike interest rates. I get daily correspondence from people explaining to me what their situation is.” According to the bank, Poloz personally responds to emails and letters addressed to him from the public. The most common themes of the messages are the state of the Canadian economy, inflation and interest rates, a bank spokeswoman said.

Source: thestar January 11, 2019 09:00 UTC