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

NEWS HIGHLIGHT

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