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

Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers hold a press conference at the Bank of Canada in Ottawa on July 12, 2023. The Canadian Press/Sean Kilpatrick

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.