Mark Carney, governor of the Bank of Canada, reports on the Canadian economy
Remarks by Mark Carney, Governor of the Bank of Canada
Board of Trade of Metropolitan Montreal | 21 May 2013
To mention a couple of points in this report:
In its most recent budget, the federal government announced it will consult stakeholders on how best to implement a bail-in regime to recapitalize failing Canadian banks that are systemically important to our domestic economy through the very rapid conversion of certain bank liabilities into regulatory capital. …
We cannot grow indefinitely by relying on Canadian households increasing their borrowing relative to income …
Another point is about the new “free trade” agreements.