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Bank of Canada Governor Mark Carney is holding out little hope of a quick recovery in the hard-hit jobs market. "Unemployment as everyone knows has gone up quite sharply and average hours worked are very low, so there is a lot of slack in the labour market...
Tags: Bank of Canada, Mark Carney, governor mark, central banks, canada governor
Bank of Canada governor Mark Carney warned the global banking industry on Monday that it requires a "change of attitude" as it is at risk of failing to take advantage of low interest rates, government-backed guarantees and reduced competition to build...
Tags: Bank of Canada, Mark Carney, canada governor, governor mark, carney warns, Montreal, global financial, Mr. Carney, financial industry, central banks
A European Union court adviser said Tuesday that Google Inc. does not violate luxury goods makers' trademarks when it sells brand names as advertising keywords triggered by internet searches. Bank of Canada governor Mark Carney says the country's economy...
Tags: Bank of Canada, Mark Carney, governor mark, canada governor, carney says, right path, Canada, Ottawa
Bank of Canada governor Mark Carney questioned Saturday whether central banks can expect to stabilize their economies with mandates focused mainly on controlling inflation. In a speech given in Jackson Hole, Wyo., the central bank governor talked about...
Tags: Boost Bank of Canada, central banks, Mark Carney, governor mark, Wyoming, Jackson Hole, price stability, prevent future, canada governor
Bank of Canada governor Mark Carney is being praised for breaking with convention and offering financial advice to ordinary Canadians. Carney warned Canadians today not to get carried away with borrowing just because interest rates are at historic lows....
Tags: Bank of Canada, governor mark, Mark Carney, canada governor, lasted update, Globe, mail lasted
The Bank of Canada hinted yesterday that it was beginning to get uncomfortable with the rising dollar, suggesting its rapid ascent could undermine an economic recovery. But traders paid little attention to the central bank's concern, contained in its...
Tags: Bank of Canada, Mark Carney, governor mark, canada governor, Canadian Press, central bank
Bank of Canada Governor Mark Carney now says the recession will likely persist into the second half of the year, although he questions the need for more government stimulus. Speaking to a business audience in Yellowknife Wednesday, Mr. Carney continued...
Tags: Royal Bank of Canada, Mark Carney, Stephen Harper, prime minister, governor mark, canada governor, Mr. Carney, Mr. Harper, central banks, stimulus spending
MT The Canadian Press Edmonton-based forestry company Millar Western says it will let go or lay off 138 production employees at two of its Alberta mills as it cuts lumber and pulp output nearly in half because of weak markets.
Tags: Bank of Canada, Mark Carney, governor mark, canada governor, Mr. Carney, economic recovery
The head of Canada's central bank said Thursday the country is in a deep downturn, but he predicts it will be shorter than previous recessions. Bank of Canada Governor Mark Carney said interest rate cuts, a government stimulus package and a weak Canadian...
Tags: Bank of Canada, central banks, governor mark, banks says, canada governor
It is not clear to me that they need additional capital,” he said. “But what is clear to me is that there is unfilled demand for credit for worthy investment, and I'm sure that our banks will see these opportunities in the fullness of time.” In a speech...
Tags: Mark Carney, Bank of Canada, Mr. Carney, Toronto, governor mark, canada governor, financial stability, Stephen Harper