Mark Carney - Latest

• December 13, 2010

  Living with Low for Long

  Remarks Mark Carney Economic Club of Canada Toronto, Ontario

  Current turbulence in Europe is a reminder that the crisis is not over, but has merely entered a new phase. In a world awash with debt, repairing the balance sheets of banks, households and countries will take years.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 9, 2010

  Looking Back, Moving Forward: Canada and Global Financial Reform

  Remarks Mark Carney International Center for Monetary and Banking Studies Geneva, Switzerland

  There is an old saying, “Knowledge is gained from experience, and experience is gained from mistakes.” In Canada, we made our mistakes early and often in the 1970s and 1980s. Our fiscal situation deteriorated sharply, inflation surged to double-digit levels, and a few small regional banks collapsed.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 27, 2010

  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

  We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 26, 2010

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario

  We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 20, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is entering a new phase. In advanced economies, temporary factors supporting growth in 2010, such as the inventory cycle and pent-up demand, have largely run their course and fiscal stimulus will shift to fiscal consolidation over the projection horizon.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 30, 2010

  Employment in a Modest Recovery

  Remarks Mark Carney Windsor-Essex Regional Chamber of Commerce, Giovanni Caboto Club Windsor, Ontario

  Insights from financial markets are somewhat fleeting at the moment. A broad range of asset prices from the Canadian dollar to S&P500 futures to European sovereign spreads are unusually correlated and volatile.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 14, 2010

  Bundesbank Lecture 2010: The Economic Consequences of the Reforms

  Remarks Mark Carney Deutsche Bundesbank Berlin, Germany

  Keynes wrote prophetically of the economic consequences of the Treaty of Versailles. Could the same be said of current financial reforms? Are policy-makers taking for granted the essential role performed by finance in a vain pursuit of its risk-proofing?

  Content Type(s): Press, Speeches and appearances, Remarks
• September 10, 2010

  Restoring Faith in the International Monetary System

  Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta

  We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 22, 2010

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is proceeding but is not yet self-sustaining. A greater emphasis on balance sheet repair by households, banks, and governments in a number of advanced economies is expected to temper the pace of global growth relative to the Bank’s outlook in April.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 18, 2010

  Fortune Favours the Bold

  Remarks Mark Carney Newfoundland Oil & Gas Industries Association St. John's, Newfoundland and Labrador

  From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent.

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