Tag Archives: Mark Carney

Bank of Canada Governor: Commodities ‘Unambigiously Good’ For Canada

4 comments

Wading into a national debate that was ignited by a controversial claim by Thomas Mulcair, leader of Canada’s left-leaning National Democratic Party (NDP), that Canada’s booming resource sectors harm the overall Canadian economy- the so-called ‘Dutch Disease’ hypothesis, Bank of Canada Governor Mark Carney on Friday strongly rejected the notion and endorsed the view that high commodity prices are a […]

Read more

Finance Minister Wants Corporate Canada to Spend its $525 Billion in Cash

One comment

Canadian Finance Minister Jim Flaherty says the Canadian economy needs Corporate Canada to start spending the $525 billion in cash and other liquid assets that it has on hand. Since the financial crisis of 2008, Canadian corporations have been increasing their current assets in an effort to create a larger liquidity cushion to mitigate the risk from possible future economic […]

Read more