Review, reflect and reaffirm: Canada’s Carney
The fledgling recovery of world economies should not cause complacency, said Mark Carney, the governor of the Bank of Canada, on Monday.
Acknowledging that there are shoots of economic resurgence worldwide, Carney said it was important to distinguish between policy-induced growth in the short term, private-demand momentum in the mid-term, and the global economy's ability to respond to the long-term challenges created by the crisis.
While spreads have fallen, and corporate bond issuance and
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