Jeremy Harrison News
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Finance Minister Jim Flaherty may name a replacement for Bank of Canada Governor Mark Carney as early as today, according to a person familiar with the plans.
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Finance Minister Jim Flaherty’s determination to balance Canada’s budget in two years increases the likelihood the government will lean on Mark Carney’s replacement at the head of the Bank of Canada to boost growth in the nation’s economy.
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The Bank of Canada said a bag of documents was stolen from Governor Mark Carney ’s unattended car in Montreal on Nov. 1 after a thief smashed the window and grabbed briefing notes and staff reports.
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Bank of England Governor-designate Mark Carney met the U.K. Treasury’s top civil servant, Nicholas Macpherson, to discuss possible changes to Britain’s monetary policy making, said a person with knowledge of the talks.
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Canada said it will work with U.K. officials to help with a revamp of reference borrowing rates such as Libor.
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Canada’s economy grew faster over the last year than previously estimated, according to three decades of revisions published today by the country’s statistics agency.
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George Osborne is about to find out just how many people think they are clever enough to be governor of the Bank of England.
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Central bankers will join Bank of England Governor Mervyn King in September for a meeting on the possible future of the London interbank offered rate, with talks to be followed the next week by discussion among policy makers at the Financial Stability Board.
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Canada’s banking regulator said new global capital requirements aren’t “anti-American,” arguing the standards are prudent measures to insulate financial institutions against another crisis.
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Canadian Finance Minister Jim Flaherty said he will tighten mortgage terms as the Group of Seven country with the soundest government finances tries to avert a household debt crisis.
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