Bank of England

British Economy Doing Just Fine After Brexit Vote

CP | Danica Kirka, The Associated Press | Posted 10.27.2016 | Canada Business

"There is little evidence of a pronounced effect" from the Brexit vote.

'Dramatic Deterioration' In British Economy After Brexit

CP | Danica Kirka, The Associated Press | Posted 07.22.2016 | Canada Business

Weeks of uncertainty have hurt business confidence.

Trudeau Pushes Growth, Gets Mobbed For Selfies At G20

CP | Mike Blanchfield, The Canadian Press | Posted 11.16.2015 | Canada Politics

Trudeau urged governments, community, business and labour leaders "to focus on the meaningful long-term solutions, to empowering individuals and creating prosperity.''

Our Carbon Quota Is Shrinking All the Time

Carl Duivenvoorden | Posted 05.13.2015 | Canada Impact
Carl Duivenvoorden

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.

Mark Carney Slams Bankers, Warns Most Of World's Oil Can't Be Burned

The Huffington Post Canada | Posted 10.16.2014 | Canada Business

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...

Mark Carney Wades Into Scottish Independence Debate

CBC | Posted 11.09.2014 | Canada Business

Mark Carney says the idea that an independent Scotland would be able to use the British pound as its currency is "incompatible with sovereignty." S...

What Is the UK Telling Us About the Global Economy?

Peter Hall | Posted 08.11.2014 | Canada Business
Peter Hall

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.

Watch Out! The Central Bank Will Raise Interest Rates Soon

Peter Hall | Posted 07.02.2014 | Canada Business
Peter Hall

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.

Carney's First Big British Move..

The Huffington Post Canada | Posted 07.24.2013 | Canada Business

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 be...

Does the Governor of the Bank of Canada Have to Be Canadian?

Robert Waite | Posted 07.02.2013 | Canada Politics
Robert Waite

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?

Reflection.. A Hint Of Regret

CP | Julian Beltrame, The Canadian Press | Posted 06.24.2013 | Canada Business

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,...

Carney Named Business Newsmaker, But Are His Achievements Overblown?

CP | Julian Beltrame, The Canadian Press | Posted 02.28.2013 | Canada Business

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...

Good Luck Mark Carney, You'll Need It

Andrew Pyle | Posted 01.26.2013 | Canada Business
Andrew Pyle

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.

So Long Carney, Canada Will Miss You

Christopher Sands | Posted 01.26.2013 | Canada Business
Christopher Sands

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.

In Sign Of Global Slowdown, Central Banks Worldwide Slash Rates

CP | The Associated Press | Posted 09.04.2012 | Canada Business

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 ...

Carney Denies He's Being Poached By Bank Of England .. But Leaves Wiggle Room

CP | By Julian Beltrame, The Canadian Press | Posted 06.17.2012 | Canada Business

OTTAWA - Mark Carney was given a chance to finally, unequivocally squelch reports he might leave his post early. He was equivocally successful.In his ...

WATCH: IMF Advisor Warns Global Collapse May Be 2 Or 3 Weeks Away

The Huffington Post Canada | Daniel Tencer | Posted 12.07.2011 | Canada Business

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...

UBS Fraud Scandal Boosts Argument For Splitting Retail, Investment Banking

CP | Raphael G. Satter, The Associated Press | Posted 11.17.2011 | Canada Business

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 ...

Chaos Grips Global Currency Markets

CP | Posted 10.04.2011 | Canada Business

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 ri...