Macroeconomic Policy Series – Speaker Bios

Session 1

Monetary Policy in Transition: Impacts and Risks of the Bank of Canada’s Policy Normalization

Wednesday, February 23, 2022 11:00 AM - 12:00 PM ET


Warren LovelyWarren Lovely
Managing Director, Chief Rates and Public Sector Strategist, National Bank of Canada Financial Markets


Warren Lovely is a Managing Director with National Bank Financial, serving as chief rates and public sector strategist within the firm’s highly regarded Economics and Strategy group. He joined NBF in 2015 from CIBC, where he had worked for 15 years in a variety of roles in economics, strategy and debt underwriting.

Warren previously worked for the Government of Canada in Ottawa, including at the Department of Finance. He holds a Master’s degree in economics from Queen’s University and a Bachelor of Arts in economics from Wilfrid Laurier University. Warren is a frequent commentator on financial markets in the media and regularly speaks to investors, business groups and governments in Canada and abroad.


Dr. Christopher Ragan
Founding Director, Max Bell School of Public Policy & Associate Professor of Economics, McGill University


Christopher is the founding Director of McGill University’s Max Bell School of Public Policy and is an Associate Professor in McGill’s Department of Economics. He was the Chair of Canada’s Ecofiscal Commission, which launched in November 2014 with a 5-year horizon to identify policy options to improve environmental and economic performance in Canada, as well as a member of the federal finance minister’s Advisory Council on Economic Growth, which operated from early 2016 to mid-2019.

Chris’ published research focuses mostly on the conduct of macroeconomic policy. His 2004 book, co-edited with William Watson, is called Is the Debt War Over? In 2007 he published A Canadian Priorities Agenda, co-edited with Jeremy Leonard and France St-Hilaire from the Institute for Research on Public Policy. The Ecofiscal Commission’s The Way Forward (2015) was awarded the prestigious Doug Purvis Memorial Prize for the best work in Canadian economic policy.

Christopher has held many prestigious positions including David Dodge Chair in Monetary Policy at the C.D. Howe Institute, Clifford Clark Visiting Economist at Finance Canada, and Special Advisor to the Governor of the Bank of Canada in addition to being a member of the Institute’s Monetary Policy Council.  He teaches in several MBA and Executive MBA programs, including at McGill, EDHEC in France, and in special courses offered by McKinsey & Company.


Session 2

Uncharted Waters: When Policy Solutions Exacerbate or Become the Problem

Thursday, March 3, 2022 11:00 AM - 12:00 PM ET



Bill WhiteWilliam White
Former Chairman, OECD Economic and Development Review Committee, and Senior Fellow at the C.D. Howe Institute.

BIO:  Bill was the chairman of the Economic and Development Review Committee at the OECD in Paris until April 2018. He began his professional career at the Bank of England, and subsequently he spent 22 years with the Bank of Canada (BoC). He was appointed Adviser to the Governor in 1984 and Deputy Governor of the BoC in 1988.

Bill joined the Bank for International Settlements (BIS) in 1994, becoming Economic Adviser and Head of the Monetary and Economic Department (MED) in 1995. At the BIS, he oversaw the preparation of its prestigious Annual Report. Bill had overall responsibility for MED’s research and data collection, and the organization of meetings of central bankers at the BIS and elsewhere. He was also a member of the BIS Executive Committee.

Bill is a former member of the Issuing Committee, advising the German chancellor on G-20 issues. He has in recent years published many articles on topics related to monetary and financial stability. In 2016, Bill was awarded the “Adam Smith Prize”, the highest award of the National Association of Business Economists (US).

Session 3

A Deeper Dive into Assessing Inflation

March 31, 2022 1:00 PM - 2:00 PM


Derek Holt
Vice President and Head of Capital Markets Economics, Scotiabank

Derek Holt is Vice President & Head of Capital Markets Economics in Toronto.  He leads the development and application of economic, monetary policy, fiscal policy and financial market forecasts and research to serve the needs of Scotiabank’s global institutional investor clients and major bank clients.  He joined Scotiabank’s trading floor from a senior role with another Canadian bank and has split his 27-year career in both bank and trading floor settings serving a wide variety of capital markets, corporate and retail clients Before the pandemic he regularly travelled to meet with Scotia’s clients across N.A., Latin America, Europe and Asia but isn’t complaining about virtual meetings for now!  Derek is frequently cited in the press for his views as part of the gig and holds graduate degrees in both Economics and Finance as well as the Chartered Financial Analyst designation.

Session 4

Macroeconomic Lessons from the Pandemic

Thursday, April 14, 2022 1:00 PM - 2:00 PM ET


Stéfane Marion
Chief Economist and Strategist, National Bank of Canada
Executive Vice-President, Financial Markets

Stéfane Marion is Chief Economist and Strategist for National Bank of Canada and National Bank Financial, a position he has held since November 2008. Mr. Marion is regularly ranked among the top three economists in Canada by Brendan Wood International, a ranking confirmed again in 2022. The Economics and Strategy group he leads also won the prestigious Consensus Economics 2021 Forecast Accuracy Award for Canada.

In 2012, the C.D. Howe Institute appointed Mr. Marion to its Monetary Policy Council and to the newly established Business Cycle Council. He also sits on National Bank Pension Committee.

Mr. Marion joined NBF’s Economics Group in 1999. Previously, Mr. Marion worked for several years in the federal departments of Finance and Industry in Ottawa, where, in addition to economic analysis and forecasting, he also worked on microeconomic policy impact studies.

Mr. Marion holds a Bachelor’s degree and a Master’s degree in Economics from the Université de Montréal.