Following is the text of Bank of Canada Governor Mark Carney’s speech in Washington to the Institute of International Finance. The document was released today in Ottawa. Several footnotes have been removed.
Charles Dallara, managing director of the Institute of International Finance, which represents more than 450 financial institutions, has joined the National Bank of Kuwait SAK’s international advisory board, the Gulf state’s biggest lender said today in an e-mailed statement.
Australian Treasurer Joe Hockey said the gradual normalization of monetary policies as growth recovers in advanced economies is a “positive development” and a sign of growing confidence in the global outlook.