U.S. response to detained Canadians in China not strong enough: Sen. Lindsey Graham – National


U.S. Sen. Lindsey Graham said Friday the response by the United States to China detaining two Canadians in apparent retaliation for the arrest of a Chinese Huawei executive has not been strong enough.

Chinese ambassador threatens ‘repercussions’ on Canada if Huawei 5G banned

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Graham also told Munich Security Conference delegates the international reaction to China’s arrest of ex-diplomat Michael Kovrig and entrepreneur Michael Spavor hasn’t been enough to persuade China that its apparent use of hostage diplomacy won’t be tolerated.

“The president has been tough on China but this is one area where I think we need to make a more definitive statement, because the two people arrested in China had nothing to do with the rule of law. It was just grabbing two Canadians,” Graham said.

Foreign Affairs Minister Chrystia Freeland, who appeared on the panel with Graham, mouthed the words “thank you” to Graham after he said it. Roland Paris, one of the delegates and a former foreign policy adviser to Prime Minister Justin Trudeau, asked Graham about it.

WATCH: Pompeo says U.S. might scale back operations with countries that are doing business with Huawei

U.S. ambassador to Canada Kelly Craft said last Saturday her country is “deeply concerned” about China’s “unlawful” detention of the two Canadians in what was her first public comments on the cases since China detained them on Dec. 10 in an apparent attempt to pressure Canada to release Chinese executive Meng Wanzhou, who was arrested Dec. 1 at the request of U.S. authorities.

Meng is the chief financial officer of the Chinese tech giant Huawei and the daughter of its founder. The U.S. wants her extradited to face charges that she committed fraud by misleading banks about Huawei’s business dealings in Iran.

China also re-sentenced a convicted Canadian drug smuggler, Robert Schellenberg, to death after the Meng arrest as part of an apparent campaign of intimidation and retribution against Canada.

Analysis: China pulling out all the stops to force Canada to back down

Some analysts have said the U.S. response to China’s arrests of the two Canadians has been muted. U.S. President Donald Trump himself has not commented on the Canadians. But U.S. Secretary of State Mike Pompeo has, saying China ought to release them. White House spokeswoman Sarah Sanders and the State Department have issued brief statements of support.

Beijing threatened grave consequences for America’s neighbour and longtime ally after Meng was arrested at Vancouver’s airport.

Canada has embarked on a campaign with allies to win the release of Kovrig and Spavor, and many countries have issued statements in support.

WATCH: Trudeau says China trying to interfere with Canada’s judiciary by asking for release of Huawei CFO

“These are human beings and they only thing they did was be Canadian in China,” Freeland said. Freeland said she would be grateful if more countries spoke out.

“We will all be stronger and safer if we all can do that for each other,” she said. “We can’t descend to a might-makes-right world and that’s especially essentially for middle powers.”

The two Canadians were detained on vague allegations of “engaging in activities that endanger the national security” of China. They remain locked up without access to lawyers.

Meng is out on bail in Canada and awaiting extradition proceedings.


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Quebec facing strong opposition to new bill restricting cannabis consumption – Montreal


The Quebec government faced strong opposition as public consultations began Tuesday on its bill seeking to increase the legal age of cannabis consumption and ban it from all public areas.

Junior Health Minister Lionel Carmant has said he tabled Bill 2 in order to protect young people and send a message that smoking marijuana is not a trivial matter. The proposed legislation restricts marijuana usage to people aged 21 and over and limits its smoking to private property.

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READ MORE: Quebec moves to raise legal age to consume cannabis to 21

The province’s public health agencies are largely against the new restrictions. They say raising the legal age to 21 from 18 won’t prevent young people from obtaining marijuana. And they say banning it from public areas marginalizes tenants whose landlords have banned smoking, creating a system were only certain groups can consume a legal product without breaking the law.

The Canadian Press has learned that two public health organizations are planning to suggest a compromise on the age limit during hearings on Bill 2 before a legislative committee in Quebec City. Two well-placed sources said the committee will be told the government should give gradual access to cannabis to youth aged 18 to 20.

WATCH: Montrealers line up on the first day of legal marijuana sales

People between 18 and 20 years should only be allowed to purchase marijuana with a low percentage of THC — the drug’s main psychoactive component, the committee will be told. “This proposal shows the scientific community, in public health, is trying to give an honourable exit door to the government on its policy,” said one source, who wasn’t authorized to speak publicly about the matter.

The current law is already one of the strictest legal regimes for marijuana in the country. Personal cultivation of cannabis plants is banned and the only way to legally purchase the product is through a government agency.

The previous Liberal government had allowed public consumption of marijuana in places where tobacco was permitted, with certain restrictions, but the new Coalition Avenir Québec government is not alone in seeking tighter rules. Even before Bill 2, many Quebec municipalities adopted their own bylaws banning all public consumption of cannabis.

READ MORE: Quebec’s cannabis agency cuts back expansion plans amid shortages

Marianne Dessureault, spokeswoman for Quebec’s association of public health, will appear before the committee Wednesday. She said she understands the desire to protect young, developing brains from the risks of marijuana, but she feels the bill lacks a scientific basis.

“I am worried that we are going ahead and maybe transforming a law that sought to protect public health, towards a law that has more of a political flavour,” she said in an interview. “It’s concerning. It’s clear that (the bill) has a populist appeal and that it doesn’t have its place in public health policy.”

WATCH BELOW: Cannabis activist hopes to change Quebec marijuana laws

Bastien Quirion, professor of criminology at the University of Ottawa, is also scheduled appear before the committee Wednesday. He questioned why the government would prohibit people under 21 years old from consuming cannabis but allow them to drink alcohol or smoke tobacco.

“One hundred years of cannabis prohibition show that it’s not through banning it that we are going to eradicate the practice or prevent risky behaviour,” he said in an interview.

“It will just put certain groups in a precarious position.”

Maude Faniel-Methot, a spokeswoman for Carmant, declined to comment on the idea of giving younger people gradual access to THC. She said the minister is open to listening to all suggestions to amend the bill.

READ MORE: Long lineup at Montreal pot shop as legalization begins


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Negative news overshadowed a strong year of reconciliation for Indigenous people


To assess the progress or lack of it for Indigenous people in 2018 you must go back and look at a few events in isolation.

First the trial of Gerald Stanley for the killing of Colten Boushie was a watershed event for race relations for Saskatchewan. When a visibly all-white jury acquitted Stanley, racial polarization in Saskatchewan came to the surface.

After the verdict was read, Stanley was rushed out the door and the jury took flight. Boushie’s family was upset but violence was never contemplated. Both the accused and the jury could have left the courthouse with much less drama instead of the fear and panic that followed. This action showed the apprehension that exists toward Indigenous people among settler society.

Members of Colten Boushie’s family leave the Court of Queen’s Bench after a jury delivered a verdict of not guilty in the trial of Gerald Stanley, the farmer accused of killing the 22-year-old Indigenous man. (Liam Richards/The Canadian Press)

The anonymity and convenience of social media allowed racist comments to spread across the province. For Indigenous people it was a stressful time. Parents feared for their children, people avoided rural roads and felt the conversation hush when they entered a rural coffee shop or any other public place.

Later in the year, the Saskatchewan government would introduce legislation amending trespass laws eliminating the need to post private land with no trespassing signs.

Indigenous people saw it as fallout from the Stanley trial that would allow rural landowners to shoot first and ask questions later. It also raised the issue of property rights versus human rights.

On the other hand, Indigenous people continued to grow and develop. We graduated record numbers of students from high school, university and technical training. Rural-urban migration continued, and our standard of living continued to increase.

This is the side of our people that gets lost in the politics of the day. Our people want to earn a living, raise their family and send the next generation into a better world than the one they grew up in.

Also, the rebirth and renaissance of our culture and religion continued to fly under the radar. Powwows brought out increasing numbers of people and sundances and other ceremonies grew in importance.

Powwow on Ochapowace Nation. (Alex Soloducha/CBC)

This was supposed to be a year of reconciliation but much of the news indicated otherwise. However, men and women of goodwill from both the settler and Indigenous community stepped up and worked together to improve race relations.

In Saskatoon, we named the new bridge the Chief Mistawasis Bridge in honour of a great leader who worked to build bridges between his people and the newcomers.

Chief Mistawasis Bridge opened this year in Saskatoon. (Graham Construction)

In Regina, teepees went up on the legislature lawn and stayed from February to September. The province demanded that they be taken down and ordered the police to act on it.

The police chief, to his credit, refused to storm the camp and create a legal and public relations nightmare; instead, he met with the protesters and gained their confidence. The camp stayed up and order prevailed. When the camp finally came down, it was the teepee owners who did it and their point had been made.

Court of Queen’s Bench ordered the camp out of Wascana Centre in September. (Glenn Reid/CBC News)

Meanwhile, in October, the Federation of Sovereign Indigenous Nations held its election and Chief Bobby Cameron was re-elected along with incumbent Edward Lerat and a retread, Morley Watson.

The big story that ended the year came in under the radar on the Friday before Christmas.

Earlier in the year the chiefs from the Robinson Huron Treaty had taken the government to court alleging that the $4 annual annuity was based on 1850 money and the rate of inflation and the resource revenue that was realized from their land had to be considered.

The judge agreed, stating that treaties are not one-time transactions and must grow to reflect the value of the land and resource revenue. While the judge stated that the First Nations should negotiate with the federal and provincial authorities, they could also have a court-imposed settlement.

This decision is a game changer in Indian Country. Our elders have told us for years now that the text of the treaties is only a part of the agreement and the oral promises as well as the spirit and intent of the treaty must be considered.

This issue will continue to move forward in 2019 and I fully expect that it will change our relationship with the federal and provincial governments.

This column is part of CBC’s Opinion section. For more information about this section, please read this editor’s blog and our FAQ. 


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Ban All Shared Plates! And Other Strong Opinions from the ‘Marvelous Mrs. Maisel’ Co-Creators


Toddlers running around and screaming. Parents drunk on mimosas at 11 a.m. A shared plate with four crostini set down at a table of three. This is what hell looks like for Amy Sherman-Palladino and Dan Palladino, the award-winning writer-director-producers behind The Marvelous Mrs. Maisel, Gilmore Girls, and Bunheads. The pair eats out a lot, and they have plenty to say about what drives them insane—including small plates, molecular gastronomy, and the general lack of a decent salad. The two are about as fast-talking, quick witted, and animated as any one of their characters, trading punches (and punchlines) while the other holds. Here, in between bites of corned beef and turkey “Midge” sandwiches at the recent Marvelous Mrs. Maisel Carnegie Deli popup in New York, they kvetch about their most profound dining nightmares, and offer up one very simple suggestion to any chef who’ll listen.

Dan Palladino: I have not adjusted to the shared plate thing at all. It’s always awkward for me. Let’s say there’s four things on there and there’s three people—no one will take the fourth one because everyone’s too afraid to overstep the bounds. I never know what to eat, I’m always so nervous about sharing. I just always want my own thing.

Amy Sherman-Palladino: Your issue with that is because food was very competitive in your family. If you didn’t get to that thing that you liked quickly, it wasn’t going to be there and you were going to be stuck with the thing you didn’t like. Your brother and sister were hungry, and they would always come and take your food.

Dan: It was a little competitive. My mother wasn’t Italian, so she didn’t make an abundance of food. She made servings, so there were specific servings.

Amy: Yeah, I had friends like that. You’d go to their house and there’d be four people and there’d be four pork chops, and four perfect portions of peas.

When I make Thanksgiving dinner, I always make two turkeys in case I fuck up one. I believe in over-serving, in having an overabundance of food when people come over. Nobody should ever feel like they’re going to go home hungry or there’s not enough of the thing that they like.

By the way, shared plates are not my favorite thing either, because I’m an only child and I like my stuff. We try not to go to those restaurants.

Dan: It’s when other couples say, « Hey, let’s go to so-and-so, » and I don’t want to be a party pooper, so we do it. I’m very, very nervous. I try to make sure that the stuff ordered is what I will eat. That’s the other thing: Because I’m not a foodie, I’m very picky. I’m just always nervous about how to pick, when to pick, what to leave. It’s just nerve racking.

Amy: But we do tell people that we don’t do brunch. We hate brunch, we hate the concept of it.

Dan: It’s not a real meal.

Amy: It’s not a real meal! There’s either breakfast or lunch. It’s an excuse for people to get drunk at 11 o’clock in the morning, and assume that everyone’s going to be fine with their children screaming and running around a restaurant. That’s the only reason that brunch exists. So that is the one thing. When people are like, « Let’s do brunch. » We’re like, « We can’t, we don’t. We’ll have dinner with you, we’ll have drinks with you, we’ll have any legitimate meal that wasn’t made up, but we will not do brunch. »

Dan: Anthony Bourdain, I think, was the one who pointed out in his book [Kitchen Confidential], that it’s the “F You” meal—that’s the one that none of the chefs want to prepare, none of the waiters want to work at. It’s a room full of unhappy workers making food.

Amy: Just have a nice breakfast. Have some eggs and bacon.

Dan: Diners. We like diners. But any restaurant that tells you, “Order whatever you want, but it’s going to come out when we think it’s ready—”

Amy: I am paying for this. I should get the salad before the hamburger if I want the salad before the hamburger. We don’t do omakase or prix fixe. I don’t want them to tell me what I’m going to have. I don’t want one quail egg with a sprig in the middle of it. I don’t want anything that came out of a science lab. I don’t want things that smoke, or a strawberry that’s not really a strawberry. Just put a damn salad on the menu. It doesn’t need 15 different ingredients in it, it doesn’t need nuts and twigs and fruit, and flowers… just some nice lettuce, maybe a radish and a light dressing. Just have one damn salad on the menu that’s not terrifying. That’s it.

Dan: Yeah, because we often have to order them off the menu. Just put it on the menu.

Amy: Everybody likes a nice, small salad. And they feel like a schmuck asking for it. Oh, and I don’t understand the no bread thing, that you have to order bread or pay for a bread basket. Just give me the bread!


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‘80 years strong’: Canadian music legend Gordon Lightfoot celebrates milestone birthday – National


Singer, songwriter and Canadian music legend Gordon Lightfoot turns 80 today.

He’s currently in the middle of a North American tour and will mark his big day with a sold-out benefit show in his birthplace of Orillia, Ontario.

Lightfoot’s best-known songs include “Sundown,” “The Wreck of the Edmund Fitzgerald” and “If You Could Read My Mind.”

Lightfoot, who became Canada’s most famous, and arguably most important, pop musician in the late 1960s, was born in Orillia, Ont. in 1938.

He was inspired to write his own material after listening to Bob Dylan and other urban folk musicians in the early ’60s.

His first hit in Canada came in 1965 with “I’m Not Saying.”

ARCHIVES: A glimpse into the life of Gordon Lightfoot on his 73rd birthday

That same year, “Peter, Paul and Mary” took Lightfoot’s composition “For Lovin’ Me” into the U.S. top-30.

When the folk music boom came to an end in the late ’60s, Lightfoot easily made the transition to pop. In 1971, he made his first appearance on the Billboard chart with “If You Could Read My Mind,” which went to No. 5.

And in 1974, both his single and album “Sundown” topped the Billboard charts.

READ MORE: Gordon Lightfoot donates canoes to Canadian Canoe Museum in Peterborough

Lightfoot’s other international hits have included “The Wreck of the Edmund Fitzgerald” and “Carefree Highway.”

Between 1965-78, he won 15 Juno Awards, and in 1986 was inducted into the Canadian Recording Industry Hall of Fame.


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Call of the Wilde: Strong comeback spirit – Montreal


A quick two-game road trip for the Montreal Canadiens through New York to face the Islanders on Monday and the Rangers on Tuesday. Both are good tests to show if the Habs can win the games that are against supposedly easier competition.

The Habs have shone nicely against the upper-echelon teams showing they can compete with anyone, but another test for a club is how they handle the expectedly lower-echelon teams to see if they are definitely a cut above.

READ MORE: Call of the Wilde: Habs Got Goalied

They are off to Brooklyn first to see if they are indeed better than the New York Islanders who are also off to a surprisingly strong start. The Isles have five straight wins heading into their date with the Habs and lead the Metropolitan Division early in the campaign.

Wilde Horses 

Jonathan Drouin seems to be wearing a bull’s eye in the Montreal media these days. Cries of “Bench him” or even “Put him in the press box” can be heard on the radio and on the catwalk — which is a little unusual for a player who is on pace for career highs. Drouin has hit in his career a top mark of 53 points.

Drouin can do better than that. He has the stick skills to be a 65-point player. He’s more likely to find a regular plateau at 55 to 60 points, and that would be the total of a solid contributor. It’s early certainly but Drouin is on pace for a career high. He fired a remarkable shot into the top corner in the first period. Players who are mostly puck possession players — but not 200-foot players — often face the wrath of the media. Max Pacioretty was often cited for being just a goal scorer. Drouin is a point producer. That’s what he is designed to be. Truth is he is never going to be a terribly strong 200-foot player or an amazing back checker. That’s the way it is in hockey because sometimes all you really need is a goal. Could he do more? Yes, he could. But if he is going to the press box for punishment, then he’s going to another team in a trade right after because that won’t fly. Don’t expect the press box, but also don’t expect some of the media to come off the ledge over Drouin either. Looks like that is his plight here, sadly.

READ MORE: Call of the Wilde: Special K

It’s a regular occurrence for Max Domi to be in the Wilde Horses. Domi was the player of the month for October and he hasn’t missed a beat in November either. Domi with a lightning strike shot as the Habs broke a zero-for-16 run on the power play. Another two-point game for Domi. He now has eight goals and seven assists for 15 points in 14 games. That’s better than a point per game. Domi is on pace for an absolutely stunning breakout season in his career. If Domi continues to find close to this form for the entire season, his breakout would happen in season four at the age of 23 when it often does for a pro. It’s beginning to look like a theft by Marc Bergevin and that has nothing to say about Alex Galchenyuk. It is simply a point about Domi because not only is he gaining points at a remarkable pace, but he is also playing the centre position like he has his entire life.

WATCH: Global’s hockey analyst Brian Wilde breaks down the key plays from the Habs

Strong recovery game from Noah Juulsen after struggling a couple contests recently. Juulsen with a terrific outlet pass to free Domi who then freed Drouin. He then in the third period worked hard to get into the shooting lane allowing the deflection by Artturi Lehkonen. Juulsen was also strong defensively on a night when others were quite challenged overall.

As much as the Joel Armia on the power play completely confuses me, a bouquet has to be given to the coaching staff for how much they are trusting Jesperi Kotkaniemi, who got another point in this one. Claude Julien and his staff has Kotkaniemi out in the last minute of a tie game against Matt Barzal. This is a remarkable show of confidence for an 18-year-old from a coach who has not often rolled the dice trying to help a young man get some real lessons on the fly. Being a coach is a thankless job; you don’t often get complimented but you sure do get insulted a lot. Credit to Julien for pulling a lot of the right levers this season with this Habs team.

READ MORE: Call of the Wilde: Winning the middle, winning the game

Lehkonen finally managed to score but it is his penalty killing that must be mentioned. Lehkonen could become one of the best penalty killers in the NHL. He has an ability to cut off the angles on the forecheck that is second to none in hockey. When he was killing a penalty in the first period, Lehkonen was able to turn around two Islanders defencemen for 30 full seconds simply by angling and circling over and over again. They simply could not figure out a way to get beyond him. He understands the physics of it. It’s a remarkable thing to watch through the years.

Antti Niemi was reading the shooters so well in the shootout it was uncanny. The Isles have some very talented shooters and Niemi went five for five in the breakaway competition. He seemed to be ready for the shot before it was even taken. The style was so unorthodox before the Isles hit the blue line as he was standing completely upright almost looking disinterested in the proceedings, but when the shot was taken, he was right in front of it. Amazing shootout from Niemi and an amazing win.

READ MORE: Call of the Wilde: Some passengers

Armia hasn’t gotten a lot of praise this season, but when you are the only shooter in 10 shots to score to win the game breaking the Islanders five-game winning streak, you get praised. Armia was the only Habs participant to actually take a shot. It worked. The Habs are 8-4-2 in 14 games. The Habs are on pace for a 105-point season. Is that right? That can’t possibly be right. Yes. It’s right.

Wilde Goats

The key pairing that struggled was Jordie Benn and Jeff Petry. In the first period, Benn with a pinch at the blue line that was costly leading to a two-on-one where Petry tried to time his slide to stop the pass across the slot. The slide was reminiscent of a baseball comedy movie where the runner slides into second base and doesn’t actually make it to the bag stopping about 10 feet short where he is an easy tag out. Benn and Petry were also at fault on another of the three goals in the first period. Benn is backing off the blue line too easily now because he doesn’t want to be beat for speed. It’s natural, but it’s not working.

READ MORE: Call of the Wilde: A just result

The Habs power play was zero for its last 16 chances. Their early second period attempt had a lot of good, including some clear shot attempts and a full one minute and 45 seconds of possession in the Islanders zone. What it didn’t have though was the actual use of all of the five players. It seems hard to believe but in 105 straight seconds with the puck, Armia did not touch the puck a single time. Armia was in front of the net the entire time and it didn’t go off his stick, his skate, his butt or his head. They just don’t look for him and he can’t find a way to get implicated at all. This seems like a good time to remind you that Armia has not scored a power play goal in his entire NHL career, but there he is game after game on the first power play unit. You have to give the coaching staff credit for perseverance at least.

Wilde Cards

The situation in Laval is not good so far this season as the club is seventh of eight teams in the North Division of the American Hockey League. The Rocket record is only 4-7-1. The club struggles mightily to score goals. The Rocket are second worst in goals with 27 on the season. Only San Antonio has fewer with 26. Kenny Agostino is the leading scorer on the team with four goals and six assists. He is 46th in the league with that total. That’s positively sensational compared to the top plus-minus Laval Rocket player’s rank. Michael McCarron is plus 1, which makes him 293rd in the league. As they say though, it’s all about developing players and on that front, Jake Evans is making progress each game becoming more and more comfortable at the AHL level.

WATCH: Long-time Habs journalist Pat Hickey discusses his new book chronicling more than five decades of inside access

While it is quite disappointing so far in Laval, in the prospect ranks there are many players looking strong and three who are definitely standing out. The top prospect in the organization Nick Suzuki is certainly not disappointing. Suzuki scored a gorgeous shorthanded goal on Sunday night for Owen Sound with a series of dekes that left the goaltender on the wrong half of the net. Suzuki is once again having no trouble scoring for a third straight season in the OHL. This year he has played 16 games with 13 goals and 12 assists. He is also an impressive plus-9 for the attack.

The other stand-out is Ryan Poehling, another first-round draft choice from 2017. He continues to up his point totals from year to year at the college level for powerhouse St. Cloud State in rural Minnesota. In his first season, he had 13 points in 35 games. In his second season, 31 points in 34 games. It’s early in 2018-19, but Poehling is now a point-per-game player, and in college this is not an easy feat like it is in the Canadian juniors. Poehling has eight points in eight games on three goals and five assists. One can easily see Suzuki patrolling the right wing, and Poehling in the centre position, with a complete 200-foot game, for years to come.

READ MORE: Call of the Wilde: Another win

So while Laval is disappointing, if you can add two high quality hockey players to your roster each year, you’re on a path to greatness. Last season, the Habs added Victor Mete and Juulsen. This year, they added Kotkaniemi to the youth brigade. Next season, they could potentially add Suzuki, Poehling and Josh Brook. The final of the big three prospects shining right now, Brook is absolutely dominating on the right side of the defence in Moose Jaw. Another product of the 2017 draft, Brook has offensive numbers that would make you think he is a forward. Brook has played 12 games and has five goals and 10 assists. Brook is going to make it difficult either next year or the year after to figure out who is going to be long term on the Habs blue line on the right side with Shea Weber, Petry, and Juulsen already in secured positions. There will come a day when Brook won’t be denied. In fact, Tim Hunter, his head coach in Moose Jaw, had huge praise for Brook saying he was one of the best defensemen in the country right now. Brook is the captain for Canada at the Canada-Russia Junior hockey series that started late Monday night.


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World economy strong enough to withdraw stimulus, Poloz says


The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be « steadily withdrawn. »

Stephen Poloz’s remarks Monday came as the Bank of Canada signals it will gradually raise its benchmark interest rate from its current level of 1.75 per cent to a so-called neutral stance of somewhere between 2.5 per cent and 3.5 per cent. The big question is how quickly the rate will rise.

Poloz recently introduced the central bank’s fifth interest rate hike in 15 months and warned Canadians, many of whom are carrying high levels of debt, to get used to the idea of three per cent interest rates as the new normal.

In prepared remarks of Poloz’s speech Monday in the United Kingdom, he said the world economy has made considerable progress in shaking off the effects of the 2007-08 financial crisis. Interest rates around the world have remained very low over that period.

Stimulus can be withdrawn

« After a decade of extraordinary effort by central banks to flood markets with liquidity, the global economy has reached the stage where stimulus can be steadily withdrawn, » said Poloz’s speech to the Canada-U.K. Chamber of Commerce.

He also said the risks of international trade actions, both actual and threatened, have preoccupied investors. But he argued these risks are two-sided and resolutions to disputes can provide fresh economic lifts.

« We have seen exactly this dynamic play out in Canada, as fears that [the North American Free Trade Agreement] would be torn up have been replaced with relief after agreement on the United States-Mexico-Canada trade agreement, » he said.

« In general, it is not appropriate for a central bank to formulate policy based on only one side of a risk distribution. Rather, the Bank of Canada must attempt to weigh both the upside and downside risks and take a middle, risk-balanced path. »

Appropriate pace of rate hikes

Poloz reiterated Monday that Canada’s projections for economic growth and inflation mean interest rates will continue to move higher. The central bank raises rates to keep inflation from climbing too high.

The Bank of Canada, he added, will decide on the appropriate pace of the increases based on how well the economy adapts to higher interest rates established by earlier hikes, given the high levels of household debt.

He also said the central bank will pay close attention to new developments in international trade.


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