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Mark Carney News

Op-Ed: Claims UK jobless total is falling sparks interest rate rise fear

London - News that unemployment in the UK is apparently falling is a mixed blessing. The Office of National Statistics, ONS, reports the jobless rate is down for the third quarter in a row to 7.6 percent, the lowest since 2009.

UK: House prices rise again fuelling fears of a 'bubble'

London - When the economic crisis hit in 2008 it had direct links to the housing market. The UK has experienced inflated house prices in the past and the "bubble" subsequently bursting. Could the introduction of a Government scheme to help buy homes be bad news?

Canada's housing market continues downward slide

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.

Mark Carney: Interest rate hike warnings being heard by Canadians Special

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.

Mark Carney steps down as head of Bank of Canada for England job

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.

Canada's new $20 polymer bank note officially enters circulation

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.

Bank of Canada head Mark Carney on list of top central bankers

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.

Bank of Canada head issues apology for $100 bank note controversy

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.

British PM considering Mark Carney as Bank of England governor

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.

OECD warns 'severe recession', urges Canada to hike interest rate

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.

Op-Ed: Government is not the palladium to our inflation woes in Canada

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.

Bank of Canada launches new $50 polymer bank note, now at ATMs

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.

Bank of Canada wants policies to restrain free market, incomes

Rio De Janeiro - Bank of Canada deputy governor Tiff Macklem delivered a speech to a business audience, in which he argues for public officials to enact policies that would rein in the free market and address income inequalities.

Finance Minister, BoC head express concern over U.S. Volcker Rule

Ottawa - Canadian Finance Minister Jim Flaherty and Bank of Canada head Mark Carney have both written letters to their counterparts south of the border. The letters contain concerns over the proposed Volcker Rule.

Bank of Canada head says U.S. economy unlikely to fully recover

Ottawa - Bank of Canada governor said in a recent interview with a news outlet that the United States economy is unlikely to fully recover. Citing billions in lost exports, Carney pointed to China and the Asia-Pacific region as potential trading partners.

Bank of Canada maintains overnight rate at 1%, head warns of debt

Ottawa - The Bank of Canada announced on Tuesday that it is maintaining the overnight rate at one percent. Furthermore, Mark Carney, head of the central bank, warned of consumers increasing their debt faster than their incomes.

Canada's household debt climbs amid stagnant incomes

Ottawa - Canadian households are drowning in debt. According to a new report released Tuesday, Canada's household debt has reached a record high in part to stagnant income and individuals taking on more debt.

Bank of Canada holds key rate at 1% due to deepened euro crisis

Ottawa - The Ottawa-based Bank of Canada announced Tuesday that it is holding the overnight rate at one percent. The central bank explained that it is responding accordingly to the deepening euro sovereign debt crisis.

Op-Ed: The Goldman Sachs project — New world government?

By leading the world's economies into chaos, Goldman Sachs is creating a situation where they can replace key government leaders with their own people.

Op-Ed: Mark Carney named global banking regulator

On November 4, Mark Carney was appointed head of the Swiss-based Financial Stability Board. This does not affect his position as head of the Bank of Canada.

Study finds Canadians saving less, BoC Governor says debt a risk

Toronto - A new study found out that Canadians are saving less than one year ago, but more than half are maintaining a budget. With reports of increasing household debt, Bank of Canada Governor Mark Carney says that can be a risk to the nation's economy.
 

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Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney  former Governor of Bank of Canada
Mark Carney, former Governor of Bank of Canada
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Mark Carney, former Governor of Bank of Canada
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Bank of Canada Governor Mark Carney
Bank of Canada Governor Mark Carney
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Mark Carney, former Governor of Bank of Canada
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