Mark Carney Headed To Bank Of England: Governor's Departure Raises Concerns About Economy

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MARK CARNEY ECONOMY SURVEY
A new survey suggests the country's senior chartered accountants have mixed feelings about Mark Carney's surprise decision to leave for the Bank of England. (THE CANADIAN PRESS/Nathan Denette) | CP

OTTAWA — A new survey suggests the country's senior chartered accountants have mixed feelings about Mark Carney's surprise decision to leave for the Bank of England.

The survey of accountants holding senior positions in some of Canada's top companies shows a vast majority, about nine in 10, believe the appointment reflects well on Canada and the country's financial system.

But 28 per cent also expressed concern that the early departure of the Bank of Canada governor will hurt the stability of the Canada economy.

The accountants appear to have approved of the job Carney has done since taking over, with 92 per cent saying they would like to stay the course after his departure on June 1.

(STORY CONTINUES BELOW SLIDESHOW)

Mark Carney: What The British Press Are Saying
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When he announced his intentions to leave in November, Carney said he was confident the Bank of Canada would handle the transition without impacting the economy.

The survey of 298 members of the Canadian Institute of Chartered Accountants was conducted by Harris-Decima in December and considered accurate plus or minus 5.7 percentage points, 19 times out of 20.

The Bank of Canada announced Monday it has formally begun the search process for Carney's replacement, but gave no indication when it will be ready to appoint a successor.

Most observers believe the job will go to Tiff Macklem, the bank's second in command.

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