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Rogers: Financial stability in a world of higher interest rates
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, ... (full story)
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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.
— Breaking Market News (@financialjuice) November 9, 2023
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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
— Capital Hungry (@Capital_Hungry) November 9, 2023