Bank of Canada will stay cautious as it eyes rate hikes

NEW YORK: Less stimulus will be required over time but the Bank of Canada will remain cautious as it considers future interest rate moves, Senior Deputy Governor Carolyn Wilkins said on Wednesday, reiterating the central bank's recent dovish tone.

In an interview with Bloomberg TV before a speech in New York, Wilkins said wages should start to rise as Canada's economy improves, while noting that uncertainty surrounding the future of the North American Free Trade Agreement is affecting business investment.