Toby Melville / Reuters
"There is little evidence of a pronounced effect" from the Brexit vote.
Weeks of uncertainty have hurt business confidence.
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Trudeau urged governments, community, business and labour leaders "to focus on the meaningful long-term solutions, to empowering individuals and creating prosperity.''
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Perhaps you've heard of the notion of a global carbon quota. I first learned of it a few years ago, and got a refresher on the subject last month. It jolted me then, but even more so this time. Here's an overview, with some basic math.
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The banking executives at the heart of the 2008 financial crisis “got away without sanction” and that has to change, Bank of England Governor Mark Carney says. Speaking in Washington recently, the for...
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Mark Carney says the idea that an independent Scotland would be able to use the British pound as its currency is "incompatible with sovereignty." Speaking to reporters and banking officials...
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Growth is up, and it's looking like inflation is hard on its heels. The U.K. is charting this new course; we'd all do well to watch with interest, and to wish them well.
Bank of England
In an unprecedented move, the Fed undertook an extraordinary experiment in monetary policy. Unable to further target an interest rate, already at zero, the Fed began announcing a quantity of cash that it would inject into the financial system by purchasing large numbers of government bonds and other highly-rated securities, and replacing them with cash.
Mark Carney has injected a little sense and sensibility into a debate in Britain about women on currency. The former Bank of Canada governor has been on the job as head of the Bank of England for less...
We don't know for sure who will be tapped for the job of Governor of the Bank of Canada. What we do know is that the individual will be a Canadian. No other nationalities were invited to apply. But, in 2013, does such a citizenship restriction even make any sense? Or is it just another manifestation of good, old-fashioned Canadian parochialism?
OTTAWA - For Mark Carney it was an afternoon of reflection, a time for measuring successes with just a tinge of lament for unfinished business.Carney, although he does not leave his position as govern...
OTTAWA - Whether as a rising star on the world stage or a central banker under scrutiny amid suggestions of political impropriety at home, it was hard to ignore Mark Carney in 2012.Canada's omnipresen...
Today the UK chancellor announced that the head role at the Bank of England would go to none other than the current Bank of Canada Governor, Mark Carney. The bet is that Carney can wave the same magic wand for the UK, though it's going to take more than a doctorate from Oxford to overcome the relatively larger challenges facing that country versus Canada, with its proximity to a troubled Eurozone.
Governor of the Bank of Canada Mark Carney has been selected as the next Governor of the Bank of England, a bold move by one of the world's oldest central banks. His term at the head of the Bank of Canada was due to end in 2015, and so the move is surprising for many Canadians.
FRANKFURT - The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financia...
OTTAWA - Mark Carney was given a chance to finally, unequivocally squelch reports he might leave his post early. He was equivocally successful.In his first public remarks on the issue Wednesday, the C...
If European leaders can't hammer out a solution to the continent's runaway credit crisis, the world's economy will face a collapse larger than the one in 2008, a prominent IMF advisor says. "If they c...
LONDON - Would you trust UBS with your money now?As regulators join the Swiss bank in scrambling to figure out how a single suspect could have racked up as much as $2 billion worth of rotten bets over...
TORONTO - The Canadian dollar tumbled more than a U.S. cent while the U.S. dollar strengthened following a move by the Bank of Japan to control the rise of the yen. The loonie fell 1.02 cents to 102.8...