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April 28, 2009

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario
These are difficult economic times, with the Canadian economy being buffeted by an intense and synchronized global recession. In recent months, that global recession has been exacerbated by delays in implementing measures to restore financial stability around the world.
May 1, 2008

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

Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce
In it, we noted that growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. Buoyant growth in domestic demand, supported by high employment levels and improved terms of trade, has been substantially offset by a fall in net exports.
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