Mark Carney used his last speech as Bank of Canada boss to remind us all how the country got a lot of things right under his watch, and that the country can't afford to "rest on our laurels" as the economy chugs along.
For years, economists, market strategists, journalists and other observers paid close attention to Carney's every comment and speech to get clues about the bank's views on the Canadian economy and where monetary policy here is headed.
In this regard, language is huge and Carney's speech on Tuesday dropped a tiny hint the bank's bias remains the same: “stimulus will be withdrawn appropriately as threats diminish,” which could be read to suggest that the next move will be up rather than down as he's been signaling for a while.
But otherwise Carney's speech juxtaposed a recessionary Europe and all the problems there against Canada, a country that weathered the financial storm rather nicely in comparison. It included a list of things to highlight why Carney thinks "CanadaRead More »from Mark Carney says goodbye