Interest Rates to Remain High in Long Term, Says Bank of Canada’s Carolyn Rogers

Published on November 11, 2023

Canadians should get used to living with high interest rates in the long term, says the Bank of Canada’s (BoC) senior deputy governor Carolyn Rogers. Ms. Rogers made the comments during a speech at a meeting of Advocis, the  Financial Advisors Association of Canada, in Vancouver on Nov. 9. “It’s not hard to see a world where interest rates could be persistently higher than what we’ve all grown accustomed to,” Ms. Rogers said during her speech. “It could be very tempting to think that rates will not stay but will return back to those very low rates, but there are reasons to think they may not.”...

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