Sharon Kozicki

23 Mar

Bank of Canada Announces Departure of Deputy Governors Toni Gravelle and Sharon Kozicki

Rajeev Sharma0 CommentsCanadaBank Of Canada, Governing Council, Monetary policy, retirement, Sharon Kozicki, Tiff Macklem, Toni Gravelle

Ottawa (Rajeev Sharma): The Bank of Canada announced on Monday, March 23, 2026, that Deputy Governors Toni Gravelle and Sharon Kozicki will be departing from their roles later this year. The central bank confirmed that both veteran policymakers have decided to retire after distinguished careers in public service and central banking. Toni Gravelle, who has overseen the Bank’s financial markets activities, will retire effective July 31, 2026. Sharon Kozicki, a key figure in monetary policy design and the first woman appointed as a Deputy Governor in over six years when she joined the Governing Council in 2021, will step down…

02 Mar

Bank of Canada Warns Potential Rate Hikes May Be Necessary Despite Weak Economic Growth

Rajeev Sharma0 CommentsBusiness, CanadaBank Of Canada, inflation, Interest rates, Monetary policy, Rate hikes, Reuters, Sharon Kozicki, Supply shocks

Ottawa (Rajeev Sharma): The Bank of Canada has issued a cautious warning that interest rate increases may occasionally be required even during periods of economic stagnation, as the country prepares for significant structural shifts and potential global supply shocks. Speaking in Norway on Monday, March 2, 2026, Deputy Governor Sharon Kozicki addressed the "difficult trade-off" that central banks face when inflationary pressures are driven by supply-side disruptions rather than domestic demand. She noted that while it might seem counterintuitive to tighten monetary policy during a weak economy, such restraint is essential to prevent inflation from becoming persistent. Kozicki identified several…