Think-tank to new BoC governor: Start raising interest rates via @CTVNews

OTTAWA -- Incoming Bank of Canada governor Stephen Poloz is already getting advice on what to do once he takes charge next month -- start hiking interest rates.

The C.D. Howe Institute says in report authored by economist Paul Masson, a former special adviser to the central bank, that after five years of super-low interest rates, it is time to take the anemic economy off its meds.

He says an extended period of low interest rates is introducing pervasive problems into the economy, such as asset bubbles in housing and risk-taking and inefficient investments.

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