BOC's Wilkins: High debt levels could slow down the move to neutral

Bank of Canada's Senior Deputy Governor Wilkins on Friday said that the move to neutral interest rates could take longer than expected due to high debt levels. 

Key points

Changes in interest rates will have stronger effect than they have in the past because people are more indebted now.

There are underlying vulnerabilities, which will persist as headwinds to growth, even if trade wars are resolved.