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December 12, 2011

Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney

The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In general, […]
Content Type(s): Press, Press releases
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