About those speeches Governor Carney gave …

In light of the revelations that Bank of Canada Governor Mark Carney stayed over for nearly a week last summer at the Nova Scotia home of Liberal MP Scott Brison, some, including us, are looking at two speeches he gave last year in a slightly different light.

First, there was the speech in August to the annual convention of the Canadian Auto Workers, titled “Globalisation, Financial Stability and Employment”. Among other things, Carney argued that the high value of the Canadian dollar was not responsible for any slowdown in manufacturing. Continue reading About those speeches Governor Carney gave …

Carney on debt, Dutch Disease and AC/DC: Full transcript and video

My interview with Bank of Canada Governor Mark Carney, recorded Wednesday in the Governor’s Private Dining Room at the Bank’s Ottawa headquarters, broken up into four video chunks, with transcript at the bottom.

What’s in your pocket, Mark Carney?


Continue reading Carney on debt, Dutch Disease and AC/DC: Full transcript and video

NYT: In Davos, Europe Is Pressed for Debt Crisis Solution

At a panel discussion at the World Economic Forum:

The European Central Bank continued to draw praise for providing emergency cash to banks and avoiding a credit squeeze.

“There is not going to be a Lehman-style moment in Europe,” said Mark J. Carney, governor of the Canadian central bank, referring to the collapse of investment bank Lehman Brothers in 2008, which helped set in motion the financial crisis. But he added, “That is different than having a well, fully functioning banking system.”

via In Davos, Europe Is Pressed for Debt Crisis Solution – NYTimes.com.