BOC's Carolyn Rogers Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem

February 1, 2024 2 Comments

Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has “assurance” that inflation is trending back towards its 2% target.

Carolyn Rogers, senior deputy governor of the Bank of Canada,

“We could see rates stay higher for longer,” Bank of Canada says

November 9, 2023 No Comments

Canadians must prepare themselves for the possibility that interest rates remain “higher for longer,” the Bank of Canada’s Senior Deputy Governor said today.

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

November 1, 2023 1 Comment

The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada watching trend of longer amortization periods among borrowers

April 19, 2023 3 Comments

The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.

Bank of Canada not ruling out additional rate hikes just yet

March 9, 2023 No Comments

The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”

The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC

November 23, 2022 No Comments

Homebuyers with a variable mortgage rate are facing a “painful” adjustment as interest rates continue to rise, the Bank of Canada’s Senior Deputy Governor Carolyn Rogers said this week.

BOC's Carolyn Rogers