Mark Carney News

Ottawa - Bank of Canada governor Mark Carney says that Canada's economy is in transition to less dependence on housing. Exports are expected to take up the slack as demand for Canadian material increases globally.

Toronto - Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.

Ottawa - Bank of Canada Governor Mark Carney announced that he is stepping down as of July 1 after serving nearly five years. The central bank head, who has received accolades across the globe, will take the top job at the Bank of England.

Ottawa - With a few days until Remembrance Day, the Bank of Canada announced the new $20 polymer bank note that goes into circulation Wednesday. The new bill honours the nation's military men and women and the back features the Canadian National Vimy Memorial.

Ottawa - A finance magazine has published a list of the world's top heads of central banks. This year's compilation includes six central bankers, who received "A" grades. Argentina's Mercedes Marcó del Pont and Ecuador's Pedro Delgado were last.

Ottawa - Bank of Canada Governor Mark Carney issued an apology for the decision to exclude a woman that appeared to be of Asian descent, according to focus group participants. Carney called the move a mistake and the design process would be reviewed.

London - Bank of Canada head Mark Carney is being considered by British Prime Minister David Cameron as the new Bank of England governor. Most individuals tied to the British central bank have been tainted by the Libor scandal.

Paris - The Organization for Economic Co-operation and Development (OECD) published its latest report Tuesday, in which it notes of a "severe recession" due to the Eurozone crisis. It also urged Bank of Canada Governor Mark Carney to raise interest rates.

Toronto - For most Canadians, the cost of living has become astronomical. Those who have lived beyond their means for quite some time have been forced to live beneath their means. The inflation tax has become the bearer of ill will by our elected representatives.

Ottawa - The Bank of Canada has launched its new $50 polymer bank note. The $50 bill, which is part of a series of state-of-the-art bank notes, features former Prime Minister Sir William Lyon Mackenzie King and the Arctic research icebreaker CCGS Amundsen.