The search for a new Bank of Canada chief to replace Mark Carney has pitted internal front-runner Tiff Macklem against a range of external candidates as officials look outside the bank for people who may have more hands-on business experience.
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OTTAWA – Bank of Canada governor Mark Carney has been chosen to run the Bank of England, beginning next summer.
Finance Minister Jim Flaherty called it a bittersweet moment Monday as he announced Carney’s departure. He said he’s pleased to see Carney take on new responsibilities, but the governor will be missed at home.
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OTTAWA- Bank of Canada governor Mark Carney is suggesting interest rates will rise before the end of 2014.
It’s one of the clearest indications Carney has given as to when he might raise the bank’s key benchmark, which has been held at one per cent for more than two years.
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OTTAWA (Reuters) – The Bank of Canada will take care not to raise interest rates too rapidly when the time comes because of risks to the economy from challenges in the United States and Europe, Governor Mark Carney said in an interview released on Thursday.
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