Speeches

• 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
• August 24, 2010

  Re-examining Canada’s Monetary Policy Framework: Recent Research and Outstanding Issues

  Remarks John Murray Canadian Association for Business Economics Kingston, Ontario

  I am honoured to address members of the Canadian Association for Business Economics. My remarks today will focus on critical issues that the Bank of Canada has studied over the past four years and how this research will inform our work as we move forward post crisis.

  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 22, 2010

  Risks to Canada's Financial Stability in an Uncertain World

  Remarks Timothy Lane Winnipeg CFA Society Winnipeg, Manitoba

  The recent past has underscored the fact that, in finance and the economy, most things are interconnected on a global scale. Throughout its history, Canada has been powerfully affected by events elsewhere.

  Content Type(s): Press, Speeches and appearances, Remarks
• 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
• June 16, 2010

  Fortune Favours the Bold

  Remarks Mark Carney Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  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. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada.

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

  The G-20’s Core Agenda to Reduce Systemic Risk

  Remarks Mark Carney International Organization of Securities Commissions (IOSCO) Montréal, Quebec

  Given this failure, the G-20’s agenda to reshape the global financial system is comprehensive and radical. The coming weeks and months will be pivotal to its success. The time for debate and discussion is drawing to a close. Policymakers now need to decide and to implement.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 26, 2010

  Senate Committee on National Finance

  Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario

  At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 6, 2010

  Is There a Commodity Curse? Lessons from the Past

  Remarks John Murray University of Alberta Institute for Public Economics and C.D. Howe Institute Edmonton, Alberta

  As the title of the conference suggests, we have seen many boom-and-bust cycles in the commodity sector. This raises one obvious and central question: How can we avoid them in the future?

  Content Type(s): Press, Speeches and appearances, Remarks
• April 29, 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

  Good morning, Mr. Chairman and committee members. I am pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance.

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