Special Luncheon Event: Bank of Canada Economic Progress Report feat. Senior Deputy Governor, Carolyn Rogers
BANK OF CANADA: ECONOMIC PROGRESS REPORT FEAT. SENIOR DEPUTY GOVERNOR, CAROLYN ROGERS
The Manitoba Chambers of Commerce is pleased to announce that Senior Deputy Governor Carolyn Rogers will deliver the Bank of Canada's Economic Progress Report in Manitoba, one day after the next policy rate decision. Join us on Thursday, March 9, 2023, for a special luncheon supported by The Associates of the Asper School of Business at Fairmont Winnipeg.
ABOUT THE SPEAKER
Carolyn Rogers was appointed Senior Deputy Governor of the Bank of Canada in December 2021 for a seven-year term.
Prior to her appointment, Ms. Rogers served as Secretary General of the Basel Committee on Banking Supervision. From 2016 to 2019, she was Assistant Superintendent, Regulation Sector at the Office of the Superintendent of Financial Institutions, where she was responsible for policy-related functions.
Ms. Rogers was Superintendent and Chief Executive Officer of the Financial Institutions Commission of British Columbia from 2010 to 2016, and she chaired the Canadian Council of Insurance Regulators and the Canadian Credit Union Prudential Supervisors? Association.
ABOUT THE BANK OF CANADA
The Bank of Canada (BOC) was founded as Canada's central bank in 1934 and opened its doors in March 1935. In 1938, the BOC became a Crown corporation belonging to the federal government, and though the Bank of Canada Act has been amended several times, but the preamble to the Act has not change, and the Bank of Canada still exists "to regulate credit and currency in the best interests of the economic life of the nation."
The Bank of Canada's core areas of responsibility are:
- Monetary policy: the BOC influences the supply of money circulating in the economy, using monetary policy framework to keep inflation low and stable.
- Financial systems: the BOC promotes safe, sound and efficient financial systems, within Canada and internationally, and conducts transactions in financial markets in support of these objectives.
- Currency: the BOC designs, issues, and distributes Canada's bank notes.
- Funds management: the BOC is the 'fiscal agent' for the Government of Canada, managing its public debt programs and foreign exchange reserves.
- Retail payments supervision: the BOC supervises payment service providers according to the Retail Payment Activities Act.