01/07/2014 07:44 EST | Updated 03/09/2014 05:59 EDT

BoC gov Poloz says long-term rates to rise; sees no damage to Canadian economy

Bank of Canada governor Stephen Poloz says he expects long-term interest rates to rise this summer but doubts it will hurt the Canadian economy. Speaking in an interview on CBC, Poloz said he believes the U.S. Federal Reserve will continue tapering and that will add to pressure on bond yields.