The future of Canada's economy is a concern for Canadians and businesses alike. In a speech to the Canadian Club of Montreal, Mark Carney, Governor, bank of Canada, outlined how upheaval in global financial markets and the slowdown in the U.S. economy are important international actors affecting the Canadian economy. While a U.S. recession would have an effect on the Canadian economy, a separate report by the Bank of Canada said that a healthy banking sector, which the central bank and the Canadian government confidently agree Canada has, acts as a protector against such downturns. It will be interesting to see how our elected officials will play a more active role stabilizing financial markets during our country's "economic Downturn".
Andrea Civichino - CMA Management Volume 82 Number 7
Location: SinglePost
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