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Bank of Canada Governor Mark Carney suggested the central bank may move sooner on interest rates if the growth of household debt is not addressed.
Bank of Canada Governor Mark Carney suggested the central bank may move sooner on interest rates if the growth of household debt is not addressed.
(CHRIS WATTIE/REUTERS)

SEAN SILCOFF

Are interest rates going up if you misbehave?

On Thursday I wrote a column questioning a statement by Bank of Canada Governor Mark Carney that appeared to suggest the central bank was prepared to raise interest rates sooner than expected in order to temper the rise of household debt. My views were shaped by news coverage of the story, some of which you can read here. The Bank reacted quite strongly, saying I was wrong in my interpretation that Mr. Carney was either speaking cavalierly or signally an abrupt change in course.