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The appointment of Stephen Poloz as Canada’s next central bank head taps his experience leading the country’s export-financing body as the world’s 11th largest economy relies on trade and business investment to lead growth.
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The appointment of Stephen Poloz as Canada’s next central bank head taps his experience leading the country’s export-financing body as the world’s 11th largest economy relies on trade and business investment to lead growth.
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Following is the text of a lecture Bank of Canada Governor Mark Carney is delivering today in Edmonton. Footnotes and charts have been removed.
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Finance Minister Jim Flaherty says he will soon name a replacement for Bank of Canada Governor Mark Carney, leaving the new candidate with no more than about a month to prepare for the job.
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Canadian Finance Minister Jim Flaherty’s spokesman said there are no new developments today in the process of appointing a replacement for Bank of Canada Governor Mark Carney.
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Former Bank of Canada Governor David Dodge said that fraud allegations against Goldman Sachs Group Inc. may encourage regulators to create new rules that fail to address the causes of the global credit crisis.
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Cnooc Ltd.’s $15.1 billion bid for Calgary-based Nexen Inc. should be approved by the Canadian government, former Bank of Canada Governor David Dodge said.
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Canada’s finances are threatened by a “spending disease” in which health-care bills may account for about one in every five dollars spent in the economy in 20 years, former central bank chief David Dodge said.
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Bank of Canada Governor Mark Carney said a debate over taxing banks is a “distraction” to Group of 20 meetings this weekend, joining his predecessor David Dodge, the top banking regulator Julie Dickson and Finance Minister Jim Flaherty in objecting to an idea backed by France, the U.K. and the International Monetary Fund.
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The problems facing Greece, Spain and Ireland may lead investors to think Canada is free from fiscal worries. They should think again when looking ahead for the next few years.