BoC's Wilkins: We judge the neutral interest rate in Canada is lower than we thought previously

Bank of Canada's Deputy Governor Carolyn Wilkins is on the wires, via Reuters, stating the central bank welcomes recent strength in economic data and wants to see more of it in order to be more confident growth is on solid footing.

More headlines (via Reuters):

• We judge the neutral interest rate in Canada is lower than we thought previously
• This implies while financial conditions are still very supportive of growth, they are somewhat less stimulative now than we judged in January
• Welcomes recent strength in economic data, wants to see more of it in order to be more confident growth is on solid footing
• Sees stronger household spending as upside risk to inflation in short-term, downside risk over longer term
• Current pace of housing activity in greater Toronto area unlikely to be sustainable, given fundamentals