Mark Carney

Former Governor (2008 - 2013)

Past Governors of the Bank

Read about past governors of the Bank of Canada since 1934 in the Bank's history section.

Bio

Mr. Carney was appointed Governor of the Bank of Canada, effective 1 February 2008, for a term of seven years.

After five and half years of service as Governor, Mr. Carney departed the Bank of Canada on 1 June 2013 to become the Governor of the Bank of England. He was appointed to this position on 26 November 2012, with an effective date of 1 July 2013.

Born in Fort Smith, Northwest Territories, Mr. Carney received a bachelor’s degree in economics from Harvard University in 1988. He received a master’s degree in economics in 1993 and a doctorate in economics in 1995, both from Oxford University. Mr. Carney was also awarded an Honorary Doctor of Laws from the University of Manitoba in April 2013.

Prior to joining the public service, Mr. Carney had a thirteen-year career with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Mr. Carney was appointed Deputy Governor of the Bank of Canada in August 2003. In November 2004, he left the Bank to become Senior Associate Deputy Minister of Finance – a position he held until his appointment as Governor of the Bank.

While serving as Governor of the Bank of Canada, Mr. Carney was also appointed as Chairman of the Financial Stability Board (FSB) in November 2011 for a three year term.


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Speeches

April 30, 2013

Bank Note Unveiling

Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series.
April 24, 2013

Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce

Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario
Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […]
April 23, 2013

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario
Good morning. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […]
February 12, 2013

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario
Good morning. Tiff and I are pleased to be here with you today to discuss the January Monetary Policy Report, which the Bank recently published. While the global economic outlook is slightly weaker than the Bank had projected in October MPR, global tail risks have also diminished. The economic expansion in the United States is […]

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Bank publications

Bank of Canada Review articles

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