Mark Carney

Dodge, Carney and the return of pragmatic economics

Central bank governors are not normally known for being outspoken or critical of prevailing economic policies. Not the case, it seems, for Mark Carney and David Dodge, former governors of the Bank of Canada.

Mr. Dodge, in a report for...

Ahead of 2013 budget, Flaherty should be serious about investing in public infrastructure

Finance Minister Jim Flaherty is said to be considering extending funding for public infrastructure investment in his forthcoming budget, as urged by the Official Opposition, the provinces and municipalities. Let’s hope, for the sake of jobs and the environment, this is a significant, long-term initiative.

On the eve of the 2013 federal and provincial budget season, public sector austerity is still the order of...

Carney and Mulcair going Dutch? Thoughts on the Bank of Canada Governor’s and “Dutch Disease”

Bank of Canada Governor Mark Carney recently delivered a widely-publicized major speech in Calgary on the economic phenomenon known as the “Dutch Disease.” This was more nuanced than much of the media coverage.

Governor Carney argued that the booming energy and wider resource sector concentrated in Western Canada has provided a significant boost to the national economy, creating jobs in the rest of the country in both manufacturing and services. Overall, he said, high resource prices have been a plus for Canada.

However, the Governor recognized that rising resource prices...

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