Remarks

• 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
• April 1, 2009

  Rebuilding Confidence in the Global Economy

  Remarks Mark Carney Northwest Territories Chamber of Commerce and Yellowknife Chamber of Commerce Yellowknife, Northwest Territories

  These are very challenging times. The Canadian economy is in recession. The global economy is facing a crisis of confidence, triggered by the most severe financial meltdown since the Great Depression; fanned by sharp falls in trade, manufacturing output, and financial wealth; and intensified by steep increases in unemployment.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 30, 2009

  What Are Banks Really For?

  Remarks Mark Carney University of Alberta School of Business Edmonton, Alberta

  Across the world's major economies, addressing the failures of banking ranks among the highest policy priorities. In the harsh glare of the current financial turmoil, it is clear that many banks outside of Canada were either not doing their jobs or were doing them in ways that created enormous risks.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 12, 2009

  Financial System Policy Responses to the Crisis

  Remarks David Longworth Financial Markets Association of Canada Toronto, Ontario

  With your professional interests in foreign exchange, money markets, capital markets, and derivatives, I'm sure the past year and a half has been exciting and interesting – if those are the right words. We've been living through a period of astonishing financial turbulence, historic marketplace losses, and serious threats to financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 27, 2009

  Inflation Targeting in a Global Recession

  Remarks Mark Carney Halifax Chamber of Commerce Halifax, Nova Scotia

  These are challenging times, indeed. We are facing a financial crisis without comparison for generations. Most financial markets have experienced historic declines in prices and unprecedented spikes in volatility.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 8, 2009

  Financial Stability through Sound Risk Management

  Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario

  The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.

  Content Type(s): Press, Speeches and appearances, Remarks