Bank of Canada to stay ‘flexible’ on interest rates

JEREMY TOROBIN The Bank of Canada will continue to take a loose approach to meeting its 2-per-cent inflation target because of the deteriorating global outlook and a European debt crisis that is “barely contained,” Governor Mark Carney says. In his first remarks on inflation-control since the federal government renewed the central bank’s mandate earlier this […]

Euro recession will depend on banks: Carney

http://www.bnn.ca/News/2011/11/08/Euro-recession-will-depend-on-banks-Carney.aspx The euro zone is headed for at least a brief recession, but the nature and length of the slump and the degree to which it affects other parts of the world depends on how the region’s lenders choose to repair their balance sheets, Bank of Canada Governor Mark Carney warns. Moves by the European […]

Crisis underscored risk from credit excesses: Bank of Canada

The 2008-09 crisis and its aftermath have underscored the unique risks that credit-fuelled excesses pose to economies, forcing the Bank of Canada to pay closer attention to financial stability and to be flexible as it pursues its No. 1 goal of keeping inflation tame and reliable, Mark Carney and his policy team said Wednesday. A […]

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