September 30, 2010
Mark Carney - Latest
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September 14, 2010
Bundesbank Lecture 2010: The Economic Consequences of the Reforms
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? -
September 10, 2010
Restoring Faith in the International Monetary System
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. -
July 22, 2010
Release of the Monetary Policy Report
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. -
June 18, 2010
Fortune Favours the Bold
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. -
June 16, 2010
Fortune Favours the Bold
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. -
June 10, 2010
The G-20’s Core Agenda to Reduce Systemic Risk
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. -
April 29, 2010
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
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. -
April 27, 2010
Opening Statement before the House of Commons Standing Committee on Finance
Good afternoon, 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. -
April 22, 2010
Release of the Monetary Policy Report
Good Morning. I am pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published this morning.