Canada’s Carney points to some optimism from global outlook

- Central Banking Newsdesk
- 21 Sep 2011

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Mark Carney, the governor of the Bank of Canada, on Tuesday said the deterioration in the global economic outlook over the summer had presented both significant challenges and opportunities for Canada.

Speaking to the Saint John Board of Trade, Saint John, Canada, Carney said: "The European situation is fragile but fixable; manageable if it is managed… European authorities must create time to refound their monetary union based on credible fiscal arrangements and more flexible economies that can

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