News
Bank of Canada suggests U.S. recovery to be slow

May 25, 2011, Ottawa – Bank of Canada Governor Mark Carney may be more
pessimistic about the prospects for recovery in the U.S. and Europe
than he lets on in public.

May 25, 2011, Ottawa – Bank of Canada Governor Mark Carney may be more pessimistic about the prospects for recovery in the U.S. and Europe than he lets on in public.

A glimpse of the central banker’s gloomier view was offered in an email to clients from CIBC chief economist Avery Shenfeld after Carney gave a private assessment at a Toronto event last week. | READ MORE