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'The Canadian economy is really firing on all cylinders': Morneau

The Canadian economy is firing on all cylinders and that means households have become more resilient to any new challenges, the country’s finance minister said.

Bill Morneau declined to weigh in on Bank of Canada Governor Stephen Poloz’s hotly anticipated rate decision on Wednesday, expected to be the first increase in seven years, but signaled a confidence in the growth underpinning calls to hike.

“I’m not going to talk about rates, it’s the Bank of Canada’s responsibility,” Morneau, the finance chief in Prime Minister Justin Trudeau’s government, said in a Bloomberg TV interview from the G-20 summit in Hamburg that aired Monday.

BY Business.Financialpost