Carney says banks should follow the Canadian example in rebuilding trust


Foreign banks should look to the Canadian example to regain the public's trust, according to Mark Carney, governor of the Bank of Canada.

Addressing an audience at the Richard Ivey School of Business on February 25, Carney said a drop in the ratio of the money supply to the monetary base in many countries was an indication of declining trust. "In contrast, in Canada, where trust in the system has, if anything, increased, the ratio has risen by 22%," he said.

Carney identified five areas in which

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