News

• May 19, 2009

  When the Unconventional Becomes Conventional: Monetary Policy in Extraordinary Times

  Remarks John Murray Global Interdependence Center Philadelphia, Pennsylvania

  The financial turbulence that began in the U.S. subprime-mortgage market in August 2007 reached maximum intensity towards the end of 2008, and enveloped the entire global economy. Strains that had previously been concentrated in a few major financial centers turned into a full-blown crisis, affecting both industrial and emerging-market economies through trade, financial, and confidence channels.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 6, 2009

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.

  Content Type(s): Press, Speeches and appearances, Opening statements