Jim Flaherty announced yesterday he would be resigning his post as Canadian finance minister after more than eight years on the job. The following are comments from executives, economists and officials on his tenure as Canada’s third longest-serving finance chief.
Jim Flaherty, one of Canada’s longest-serving finance ministers who helped the country stave off the worst of the global financial crisis, announced his resignation from cabinet to seek work in the private sector.
Barclays Capital, the investment- banking arm of Barclays Plc, named former Canadian ambassador to the U.S. Michael Wilson and ex-RBC Capital Markets Deputy Chairman Bruce Rothney to run its Canadian operations.
Testimony by a Bank of America Corp. employee in a New Jersey personal bankruptcy case may give more ammunition to homeowners and investors in their legal battles over defaulted mortgages , Bloomberg News’ Prashant Gopal and Jody Shenn report.
Michael Wilson, a former Canadian finance minister and ambassador to the U.S., said Bank of Canada Governor Mark Carney faces a “big, big management challenge” when he assumes leadership of the Bank of England in July.