BULLET: CANADA BOC: Deputy Gov Timothy Lane says current.....>

CANADA BOC: Deputy Gov Timothy Lane says current policy rate 

remains appropriate. Growing trade tensions will need to be watched. 

Steel, aluminum devlopmnts, increased protectionist rhetoric, 'carry 

potentially serious consequences.' Global outlook subject to 

'considerable uncertainty'. Cdn econ 'progressing well' but notable 

uncertainties. Wage growth has been slower than would be expected. Still 

some slack in labor market. Infl to climb back to target in coming 

months. Too early to call household cred grwth deceleratn a trend. 

Non-energy goods exports could disappoint given mfg competitiveness 

challenges. US tax reforms may further reduce Canada's attractiveness 

for biz invsmnt. Economic Progress Report speech before the Greater 

Vancouver Board of Trade.