Mark Carney - Latest

• 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
• February 10, 2009

  Opening Statement before the House of Commons Standing Committee on Finance

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

  Let me state at the outset that the speed and synchronized nature of the recent global downturn has resulted in a heightened degree of uncertainty, which is evident in the diverse views on the outlook.

  Content Type(s): Press, Speeches and appearances, Opening statements
• 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 22, 2009

  Release of the Monetary Policy Report Update

  Opening statement Mark Carney Ottawa, Ontario

  The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 17, 2008

  From Hindsight to Foresight

  Remarks Mark Carney Women in Capital Markets Toronto, Ontario

  It has been a difficult year for capital markets professionals. The turmoil has deteriorated into a full-blown financial crisis. Most financial markets have experienced historic falls in prices, and some are strained to the point of closing.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 19, 2008

  Building Continuous Markets

  Remarks Mark Carney the Canada – United Kingdom Chamber of Commerce London, United Kingdom

  Throughout the years, Canada has been a major beneficiary of London's innovation. Companies of adventurers, conceived and funded in London, opened up large swathes of Canada to international trade.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 23, 2008

  Release of the Monetary Policy Report

  Opening statement Mark Carney

  In Canada, our financial system is sound, and our financial institutions are already well capitalized. We are nonetheless affected by global developments. That is why the Bank of Canada has taken extraordinary measures to provide liquidity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 25, 2008

  Reflections on Recent International Economic Developments

  Remarks Mark Carney Canadian Club of Montreal Montréal, Quebec

  The events of the past few weeks in global financial markets have been dramatic. Money and credit markets seized up. There was a massive flight to the safety of the highest quality of government debt.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 17, 2008

  Release of the Monetary Policy Report Update

  Opening statement Mark Carney

  In the Update, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity prices, particularly energy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 27, 2008

  Flexibility versus Credibility in Inflation-Targeting Frameworks

  Remarks Mark Carney 7th BIS Annual Conference Lucerne, Switzerland

  There are two broad classes of arguments for greater flexibility in the design and application of monetary policy frameworks. The BIS has done a great deal of useful work on asset-price targeting in particular and on the complicated interplay between monetary policy and financial stability in general.

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