Mark Carney http://www.globalpost.com/taxonomy/term/27873/all en Canada's Flaherty expects April decision on central bank head http://www.globalpost.com/dispatch/news/thomson-reuters/130125/canadas-flaherty-expects-april-decision-central-bank-head <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DAVOS, Switzerland, Jan 25 (Reuters) - Canada's finance minister expects to choose the country's next central bank governor in April and said on Friday he was looking worldwide for the right candidate, who must hold a Canadian passport.</p> <p>Mark Carney is stepping down as governor of the Bank of Canada in June to head the Bank of England, and the process of finding his replacement is under way.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/canadas-flaherty-expects-april-decision-central-bank-head" target="_blank">read more</a></p> Bank of Canada Jim Flaherty Mark Carney Thomson Reuters Fri, 25 Jan 2013 10:45:26 +0000 5739280 at http://www.globalpost.com UK parliamentarians hope Carney will change Bank of England culture http://www.globalpost.com/dispatch/news/thomson-reuters/130418/uk-parliamentarians-hope-carney-will-change-bank-england-cultur <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Future Bank of England governor Mark Carney must not lose sight of the need to revamp the central bank's "hierarchical" culture when he takes over on July 1, British parliamentarians said on Friday.</p> <p>Members of the parliament committee that scrutinises the BoE have had a spiky relationship with the current governor, Mervyn King, who they accuse of a high-handed approach.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130418/uk-parliamentarians-hope-carney-will-change-bank-england-cultur" target="_blank">read more</a></p> Carney Mark Carney Politics Technology Thomson Reuters Thu, 18 Apr 2013 23:45:43 +0000 5819780 at http://www.globalpost.com Next BoE chief Carney says clear framework key to policy success http://www.globalpost.com/dispatch/news/thomson-reuters/130424/next-boe-chief-carney-says-clear-framework-key-policy-success <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>OTTAWA (Reuters) - The next Bank of England governor Mark Carney said on Wednesday a key lesson he will bring from Canada to his new job is the need for clear objectives and communication about what exactly the central bank aims to achieve with its policies.</p> <p>Carney, who steps down as Bank of Canada chief in June to take over at the Bank in July, said that during the 2008-09 recession in Canada, having a well-understood inflation target helped policy makers explain directly to Canadians how they planned to stimulate the economy and boosted confidence.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130424/next-boe-chief-carney-says-clear-framework-key-policy-success" target="_blank">read more</a></p> Economics Macroeconomics Mark Carney Mark Carney Religion Thomson Reuters Thu, 25 Apr 2013 00:00:04 +0000 5824646 at http://www.globalpost.com Delay casts air of suspense over Bank of Canada governor selection http://www.globalpost.com/dispatch/news/the-canadian-press/130429/delay-casts-air-suspense-over-bank-canada-governor-selection <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - With the announcement due in days, the overwhelming odds remain that second-in-command Tiff Macklem will be appointed the next governor of the Bank of Canada.</p> <p>Yet the nearer the date approaches to Mark Carney's June 1 departure for London, questions are being asked about what is taking Finance Minister Jim Flaherty so long to confirm what markets and economists have long considered a near slam dunk.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130429/delay-casts-air-suspense-over-bank-canada-governor-selection" target="_blank">read more</a></p> Bank of Canada Jim Flaherty Mark Carney Technology Tiff Macklem The Canadian Press Mon, 29 Apr 2013 12:43:47 +0000 5827620 at http://www.globalpost.com Flaherty primed to appoint next BoC governor, says search process near end http://www.globalpost.com/dispatch/news/the-canadian-press/130429/flaherty-primed-appoint-next-boc-governor-says-search-proces <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Finance Minister Jim Flaherty said it won't be too long before he announces the next head of the Bank of Canada.</p> <p>The minister told reporters Monday that his intent all along has been to make a choice at about the end of April and that the process is drawing to a close.</p> <p>"We're well through the process. We are not quite at the end of the process, we are near the end... so it won't be too long," he said.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130429/flaherty-primed-appoint-next-boc-governor-says-search-proces" target="_blank">read more</a></p> Jim Flaherty Mark Carney Technology The Canadian Press Mon, 29 Apr 2013 20:45:37 +0000 5828069 at http://www.globalpost.com Bank of Canada poised to name new governor http://www.globalpost.com/dispatch/news/afp/130502/bank-canada-poised-name-new-governor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Canada's central bank will name a successor to outgoing Governor Mark Carney after the close of markets Thursday, Scotiabank said in a research note.</p> <p>A spokeswoman for the Bank of Canada offered "no comment" on the possible announcement, while Finance Minister Jim Flaherty's office did not reply to a request for confirmation.</p> <p>"We are hearing that the new Bank of Canada Governor will be announced at about 4 p.m. Eastern Time (2000 GMT) today," Scotiabank said earlier in its note.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130502/bank-canada-poised-name-new-governor" target="_blank">read more</a></p> Canada Economy of Canada Mark Carney AFP Thu, 02 May 2013 16:15:42 +0000 5829939 at http://www.globalpost.com Stephen Poloz of Export Development Canada named next Bank of Canada governor http://www.globalpost.com/dispatch/news/the-canadian-press/130502/new-bank-canada-governor-be-named-after-the-close-markets-so <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Finance Minister Jim Flaherty has once again named an outsider to take over the critical economic and financial post of Bank of Canada governor, bypassing the institution's traditional chain of command.</p> <p>The appointment of Export Development Canada chief executive Stephen Poloz, 57, was a mild surprise when it finally came Thursday afternoon, but would have been regarded a shocker a few months ago.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130502/new-bank-canada-governor-be-named-after-the-close-markets-so" target="_blank">read more</a></p> Bank of Canada Business Canada Central bank Economy of Canada Jim Flaherty Labor Law Mark Carney Stephen Poloz Technology The Canadian Press Thu, 02 May 2013 20:00:05 +0000 5830054 at http://www.globalpost.com Canada central bank tips outsider as new governor http://www.globalpost.com/dispatch/news/afp/130502/canada-central-bank-tips-outsider-new-governor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of Canada on Thursday named economist and longtime bureaucrat Stephen Poloz as its new governor, succeeding Mark Carney who is leaving to head the Bank of England next month.</p> <p>"Mr. Poloz has significant knowledge of financial markets and monetary policy issues and extensive management experience," David Laidley, chair of the bank's search committee said in a statement. </p> <p>amc/pmh</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Mark Carney AFP Thu, 02 May 2013 20:45:03 +0000 5830092 at http://www.globalpost.com Economist Poloz tapped to lead Canada's central bank http://www.globalpost.com/dispatch/news/afp/130502/economist-poloz-tapped-lead-canadas-central-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Bank of Canada on Thursday named an economist and longtime bureaucrat, Stephen Poloz, as its new governor, succeeding Mark Carney who is leaving to head the Bank of England next month.</p> <p>Poloz has worked in Canada's public service for 25 years, including since 2011 as chief executive of Canada's export credit agency, which helps Canadian exporters and investors expand their international business.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130502/economist-poloz-tapped-lead-canadas-central-bank" target="_blank">read more</a></p> Bank of Canada Bank of England Mark Carney Stephen Poloz AFP Thu, 02 May 2013 21:30:57 +0000 5830122 at http://www.globalpost.com Bank of Canada gets new governor to replace Mark Carney http://www.globalpost.com/dispatch/news/the-canadian-press/130502/bank-canada-gets-new-governor-replace-mark-carney <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - Canada's central bank on Thursday named its new governor to replace outgoing regulator Mark Carney, who is leaving to head the Bank of England.</p> <p>Finance Minister Jim Flaherty said Stephen Poloz will take the top job at the Bank of Canada. Poloz, the former president and CEO of Economic Development Canada, has spent 14 years with the Bank of Canada in various capacities.</p> <p>"Stephen Poloz has a long and distinguished career in the public and private sectors with 30 years' experience in financial markets, forecasting and economic policy," Flaherty said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130502/bank-canada-gets-new-governor-replace-mark-carney" target="_blank">read more</a></p> Economy of Canada Mark Carney Political geography Technology The Canadian Press Thu, 02 May 2013 23:01:01 +0000 5830157 at http://www.globalpost.com Recovery depends on banks re-establishing trust with public: Carney http://www.globalpost.com/dispatch/news/the-canadian-press/130503/recovery-depends-banks-re-establishing-trust-public-carney <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - The outgoing head of Canada's central bank says economic recovery can only happen if banks can rebuild the public's trust.</p> <p>"To move to a world that once again values the future, bankers need to see themselves as custodians of their institutions, improving them before they pass them along to their successors," said Bank of Canada governor Mark Carney during a panel discussion Friday at the Toronto Region Board of Trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130503/recovery-depends-banks-re-establishing-trust-public-carney" target="_blank">read more</a></p> Economic bubbles Economic history Economics Law Mark Carney Technology The Canadian Press Fri, 03 May 2013 19:00:55 +0000 5830627 at http://www.globalpost.com Europe faces 'decade of stagnation' if no reforms http://www.globalpost.com/dispatch/news/afp/130521/europe-faces-decade-stagnation-if-no-reforms <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Europe faces a "decade of stagnation" if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday.</p> <p>"Europe remains in recession, with economic activity constrained by fiscal austerity, low confidence and tight credit conditions," he said in a speech to the Montreal board of trade.</p> <p>"Deep challenges persist in its financial system. Without sustained and significant reforms, a decade of stagnation threatens."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130521/europe-faces-decade-stagnation-if-no-reforms" target="_blank">read more</a></p> Business Macroeconomics Mark Carney AFP Tue, 21 May 2013 23:45:36 +0000 5843268 at http://www.globalpost.com Canada keeps key rate unchanged in Carney's last final announcement http://www.globalpost.com/dispatch/news/the-canadian-press/130529/canada-keeps-key-rate-unchanged-carneys-last-final-announcem <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - The head of Canada's central bank is leaving Canada's key interest rate unchanged at 1 per cent.</p> <p>Bank of Canada Governor Mark Carney reiterated in a statement on Wednesday that the rate will need to remain low for some time before a rate hike is considered. It is Carney's final announcements before leaving to become the governor of the Bank of England.</p> <p>Carney, a Canadian, will become the head of the Bank of England on July 1. He is the first foreigner to be tapped for the position since it was founded in 1694.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130529/canada-keeps-key-rate-unchanged-carneys-last-final-announcem" target="_blank">read more</a></p> Bank of Canada Mark Carney The Canadian Press Wed, 29 May 2013 16:34:16 +0000 5848033 at http://www.globalpost.com In retrospect, was Mark Carney's performance as good as advertised? http://www.globalpost.com/dispatch/news/the-canadian-press/130531/retrospect-was-mark-carneys-performance-good-advertised <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Rock star, saviour, outstanding central banker of his generation — the accolades have flowed fast and freely during Mark Carney's five-year reign at the Bank of Canada.</p> <p>But with the closing of the books on the bank governor Saturday, a more nuanced appraisal of his legacy emerges from the economists and analysts who have followed his every word and deed since erupting on the scene, seemingly out of the blue, in February 2008.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130531/retrospect-was-mark-carneys-performance-good-advertised" target="_blank">read more</a></p> Business Economics Macroeconomics Mark Carney Mark Carney The Canadian Press Fri, 31 May 2013 16:18:16 +0000 5849578 at http://www.globalpost.com Farewell bashes for outgoing bank governor Mark Carney cost about $30,000 http://www.globalpost.com/dispatch/news/the-canadian-press/130612/farewell-bashes-outgoing-bank-governor-mark-carney-cost-abou <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Saying goodbye to departing Bank of Canada governor Mark Carney last month cost Canadians about $30,000.</p> <p>Farewell bashes hosted by the Bank of Canada in Toronto, Montreal and Ottawa — and attended by the wealthy elite of Bay Street, among others — offered guests canapes, fine wine, floral arrangements and a harpist.</p> <p>The heady round of farewells for Carney, who left his job May 31 for greener pastures at the Bank of England, began with a reception in Toronto.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130612/farewell-bashes-outgoing-bank-governor-mark-carney-cost-abou" target="_blank">read more</a></p> Bank of Canada Carney Mark Carney Social Issues The Canadian Press Wed, 12 Jun 2013 09:34:21 +0000 5856074 at http://www.globalpost.com