CAD Gov Council Member Rogers Speaks
BOC Governing Council members are responsible for setting the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
Governing Council member Dec 2021 - Dec 2028;
- History
Expected Impact / Date | Description |
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May 7, 2024 | Due to testify before the House of Commons Public Accounts Committee, in Ottawa; |
Mar 26, 2024 | Due to speak about the urgent need to improve Canadian productivity at the Bank of Canada Breakfast, in Halifax. Audience questions expected; |
Nov 9, 2023 | Due to speak about financial stability at an event hosted by Advocis Vancouver; |
Mar 9, 2023 | Due to speak about the Economic Progress Report at the Manitoba Chamber of Commerce, in Winnipeg. Audience questions expected; |
Nov 22, 2022 | Due to participate in a fireside chat titled "Assessment of risks to the stability of the Canadian financial system" at an event hosted by the Young Canadians in Finance, in Ottawa; |
Oct 17, 2022 | Due to participate in a panel discussion titled "Challenges and opportunities for the financial system" at the Toronto Centre’s 25th Anniversary Event; |
Sep 8, 2022 | Due to speak about the Economic Progress Report at the Calgary Economic Development. Audience questions expected; |
Jun 22, 2022 | Due to participate in a fireside chat about the Canadian economy at an event hosted by The Globe and Mail, in Toronto; |
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- CAD Gov Council Member Rogers Speaks News
- From bankofcanada.ca|Mar 26, 2024
Good morning. Canada’s economy was built by trade and immigration. Halifax is not just a key port—it has also been the landing spot for countless new Canadians. So I’m glad to be here, speaking to a group like the Halifax Partnership, which is dedicated to helping Canadian businesses grow and thrive. We’ve just passed the fourth anniversary of the start of the COVID‑19 pandemic. It’s been four difficult years. Beyond its human toll, the pandemic upended economies around the world and sparked the biggest global inflationary episode in ...
- From bankofcanada.ca|Nov 9, 2023
Good morning. I’d like to start by thanking Advocis Vancouver for inviting me here today. And thank you for the kind introduction. The Bank of Canada’s main job is to control inflation, but we also play a critical role in promoting the stability of the Canadian financial system. Each spring, we publish the Financial System Review (FSR), which outlines risks and vulnerabilities that could test the system’s resilience. We also update Canadians on financial stability issues in a speech every autumn, as I am doing today. Given the forceful response by central banks since early 2022 to get inflation under control, this year’s FSR focused on the adjustment of the financial system, globally and in Canada, to the large and rapid increase in interest rates.1 Since the FSR, we’ve seen more evidence that the financial system is continuing to adjust. But there is more adjustment to come as past interest rate increases work their way through the system. Your view of current interest rates probably depends, at least in part, on your age. On one hand, if you had a mortgage in the 1970s or early ’80s, today’s rates may not seem very high. On the other hand, young people buying homes today are facing some of the highest borrowing costs they’ve ever seen. In any case, we’ve all been through a lengthy period of very low interest rates. Before rates started rising last year, they had been unusually low for a long stretch of time that started during the 2008–09 global financial crisis. And it may be tempting to believe the low rates that we all got used to will eventually come back. But there are reasons to think they may not. Adjusting to a world of higher interest rates would be a big change for everyone in the financial system—from governments, businesses and households to financial planners and investors. Financial stability and resilience are all about adjusting to change—gradually and proactively. Adjusting early and bit by bit lowers the post:
BOC SENIOR DEP. GOV. ROGERS: IT'S EASY TO SEE A WORLD WHERE RATES ARE PERSISTENTLY HIGHER THAN PEOPLE HAVE GROWN USED TO IN RECENT YEARS. post: BOC'S ROGERS: CANADIANS ARE ADJUSTING, AND FEELING SOME PRESSURE, AS THEY JUGGLE COMBINED EFFECTS OF INFLATION AND HIGHER RATES #News #Markets #CANADIAN #JUSTIN #BOC #INFLATION #live
- From youtube.com/bankofcanadaofficial|Mar 9, 2023
On March 9, 2023, Senior Deputy Governor Carolyn Rogers speaks before the Manitoba Chambers of Commerce.
- From bankofcanada.ca|Mar 9, 2023
Good afternoon, and thank you to the Manitoba Chambers of Commerce and the Associates of the Asper School of Business for supporting this event and giving me the opportunity to speak with you today. And thanks to all of you for choosing to spend your lunch hour with me. It’s a particular pleasure for me to be in Winnipeg. I still consider this city—and this province—to be home. I was born here, grew up here, attended university here and started my career here. And I still have a lot of family, friends and former colleagues in Manitoba, so this feels a bit like a homecoming for me. Yesterday was International Women’s Day, and I had the opportunity to meet with an inspiring group of women leaders from across this province. Today I am looking forward to hearing from you. The Bank regularly surveys Canadian consumers and businesses as part of our work. But having the chance to hear from you directly about how your communities and businesses are navigating economic decisions day-to-day is very important to us. We know the decisions we make have a real impact on people. And I do plan to spend some time discussing the Bank’s decision yesterday to hold interest rates steady and letting you in on our thinking as we made that decision. But let’s start by setting the scene. I’ll begin with inflation because that’s what we target. We can all agree that it’s still too high. It has started to come down, but, at 5.9%, we still have a way to go to get back to our 2% target. Our monetary policy is working to do just that. Increases in our policy interest rate are starting to slow demand, giving supply time to catch up and taking some of the pressure off prices. We know that adjusting to higher interest rates has been hard for many Canadians post at 1:40pm: BoC's Rogers: Will Need to See More Evidence to Fully Assess Whether Monetary Policy is Restrictive Enough to Return Inflation to 2% - Given Canadian Inflation Still Well Above Target, Bank of Canada is Still More Worried About Upside Risks post at 1:41pm: BoC's Rogers: Reiterates That if Economy Develops as Forecast and Inflation Comes Down as Quickly as Projected, We Shouldn't Need to Raise Rates Further - If Evidence Accumulates Suggesting Inflation May Not Decline in Line with Our Forecast, We're Prepared to Do More post at 1:42pm: BOC SENIOR DEP. GOV. ROGERS: PRODUCTIVITY IS NOT TRENDING IN THE RIGHT DIRECTION SO FAR.
- From globalnews.ca|Nov 23, 2022
video The Bank of Canada estimates half of Canadian homeowners who took out a variable-rate mortgage with fixed payments have already hit their trigger rate. Hitting a trigger rate means a mortgage holder is no longer paying down any principal on their loan and is only covering interest — a key point that can prompt the lender to force a homeowner to make additional payments. Some 50 per cent of variable-rate mortgage holders with fixed payments had hit their trigger rate, as specified in their mortgage contract, by the end of ...
- From @BTBMarkets|Nov 22, 2022
post at 1:01pm: BOC SENIOR DEP. GOV. ROGERS: A STRONGER US DOLLAR MAY EXACERBATE INFLATIONARY PRESSURES.
- From bankofcanada.ca|Nov 22, 2022
Good afternoon and thank you to Young Canadians in Finance for inviting me to be here today. It’s great to see so many people here in the room and a warm welcome to those of you connecting virtually, from other chapters across Canada. No matter where you’re joining us from, I’m sure you’ve all been hearing a lot about the Bank of Canada in recent months. Central banks around the world have been making headlines by rapidly increasing interest rates to get inflation under control. High inflation is something we haven't seen in Canada in more than three decades, which means many in this room are experiencing it—and the stress that comes with it—for the first time. It’s undoubtedly frustrating to face the uncertainty of inflation and the impact of higher interest rates at a point in time when you are just getting financially established—building your career, buying a house, starting a family. And as members of this organization, many of you may also be dealing with the broader impacts of tightening fiscal and monetary policy on financial markets as part of your day job. So, I am particularly glad to have the chance to meet with you today to talk about the Bank’s update on financial system stability. post at 11:45am: BOC'S ROGERS SAYS RISK OF A TRIGGER THAT MAY AFFECT FINANCIAL STABILITY HAS INCREASED, CITES HIGH HOUSEHOLD DEBT AND ELEVATED HOUSE PRICES AS LONG-STANDING VULNERABILITIES #News #Markets #DEBT #BOC #capitalhungry post at 11:47am: BOC SENIOR DEP. GOV. ROGERS: HIGHER INTEREST RATES ARE STARTING TO SLOW THE ECONOMY AND CONTAIN INFLATION.
- From @MaceNewsMacro|Sep 8, 2022
post at 1:07pm: BANK OF CANADA'S ROGERS: WE SEE EARLY SIGNS OF MONETARY POLICY WORKING, INCLUDING SLOWER HOUSING SECTOR #BankofCanada #Canada post at 1:08pm: BOC SENIOR DEP. GOV. ROGERS: THE BANK STILL SEES A PATH TO A SOFT LANDING, AND THAT IS STILL OUR GOAL. post at 1:10pm: BOC'S ROGERS: THERE IS NO SECRET FORMULA AND NEUTRAL TERRITORY IS AN ESTIMATE THAT FALLS WITHIN A RANGE. post at 1:11pm: BOC SENIOR DEP. GOV. ROGERS WHEN ASKED IF OUTSIZE RATE HIKES CAN STILL BE EXPECTED: WE CONTINUE TO BELIEVE THAT FRONT LOADING IS THE BEST WAY TO ADDRESS THE ROOT CAUSES OF INFLATION.
Released on Mar 26, 2024 |
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