Carolyn Rogers

Senior Deputy Governor, Bank Of Canada

Search every verified Carolyn Rogers interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, has been a prominent public face of the central bank in recent months, appearing alongside Governor Tiff Macklem at press conferences and testifying before a parliamentary committee. In June 2026, Rogers stated before the Public Accounts committee that the Canadian economy is "weak, but it is not clearly in recession," and she described two quarters of annualized contraction in GDP as meeting "one definition of a recession" while urging observers to look past that single indicator. During the same appearance, she argued that improving productivity could act as a "buffer" against economic shocks, noting that a high-productivity economy can grow faster without creating inflationary pressure that would require the Bank to intervene. Rogers also presented the Bank’s May 2026 Financial Stability Report, in which she and Deputy Governor Toni Gravelle assessed risks to the financial system. Rogers stated that stock and corporate debt valuations are "high relative to historical norms," making markets more vulnerable to a sharp correction, and she identified hedge fund participation in the sovereign bond market as an area of elevated risk due to high leverage and a volatile geopolitical environment. She noted that the mortgage renewal wave had not caused the feared level of household stress, attributing this to household prudence, wage gains, and lower interest rates. Rogers also commented on the Bank’s decision-making process, stating that the consensus-based system produces better decisions and allows the Bank to "communicate with one voice," which she said makes it easier for the public to interpret policy.