Poloz is the weakest leader of the Bank of Canada that I have ever seen. He will sit on his hands, leaving interest rates at emergency lows until the debt-fueled asset bubbles (not just housing) begin to threaten the economy. This is just my personal opinion but I think  these record-breaking low rates have already damaged the country deeply. I doubt we will see normal interest rates again for a very long time. Raising them to where they should be historically would bankrupt many people and would cripple some governments (Ontario) with huge interest payments. It won't happen.