Carney, 59, kicked off his campaign to take the reins of the governing party at the Edmonton-area hockey rink where he learned to skate as a boy while growing up on the Prairies.
“I’m doing this because Canada is the best country in the world, but it still could be even better,” Carney said.
The Harvard-educated Carney said he has the economic bona fides needed to steer Canada through a period of uncertainty as the country stares down president-elect Donald Trump and the threat of punishing tariffs on all our goods.
Carney said Conservative Leader Pierre Poilievre is the “worst possible” choice to put on the other side of the negotiating table with Trump.
That was due to legislation that was already in affect, such as the banks are required by law to have a higher amount of cash on hand than American banks. The Bank of Canada can’t make legislation or pass regulations, so Carney had zero to do with banks not going under.
Quick search says this is likely true. I can’t see him having worked at the OSFI. He has worked for the two finance ministers in the years prior to the 2008 meltdown. The OSFI reports to those ministers, but I don’t know if Carney would have had anything to do with regulation OSFI sets on the banks.
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That was due to legislation that was already in affect, such as the banks are required by law to have a higher amount of cash on hand than American banks. The Bank of Canada can’t make legislation or pass regulations, so Carney had zero to do with banks not going under.
Quick search says this is likely true. I can’t see him having worked at the OSFI. He has worked for the two finance ministers in the years prior to the 2008 meltdown. The OSFI reports to those ministers, but I don’t know if Carney would have had anything to do with regulation OSFI sets on the banks.