Boost Bank of Canada powers: Carney
Saturday, August 22nd, 2009
Carney’s been out rubbing elbows with his bosses and shilling for a Canadian ‘harmonization’ with the Fed’s planned economic takeover.
Flashback: Geithner lambastes US economic watchdogs resistant to planned transfer of powers to Federal Reserve | Former NY governor Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’ | Hands off the Fed, Bernanke warns Congress | US Senate Blocks Bill To Audit The Fed As Government Prepares For Second Round Of Looting | Congressman Ron Paul Slams Federal Reserve’s New Dictatorial Powers | Federal Reserve To Be Given Sweeping New Powers | HR 1207: Battle To Audit The Fed Has Only Just Begun | Geithner Said to Have Prevailed on the Bailout | Banks won’t say where U.S. bailout money going | Paulson, Bernanke defend change of plan: $700-billion now to be given directly to banks | Congress Accuses Federal Reserve Bagman Of Bailout “Bait and Switch” During Angry Hearing | U.S. government won’t use bailout fund to buy troubled assets | The Bush gang’s parting gift: a final, frantic looting of public wealth | Why Paulson’s Plan is a Fraud | Congressman Ron Paul: Bailout Will Destroy Dollar, World Economy | Congressman Ron Paul Schools Fed Chairman Bernanke on the Bailout Plan | Private Federal Reserve Makes Power Grab as Bush, McCain Urge Congress to Approve Plan
CBC News
August 22, 2009
Canada would benefit from central bank’s ability to rein in financial markets, governor says
![]() |
| Mark Carney, governor of the Bank of Canada, left, and William Dudley, president of the Federal Reserve Bank of New York, arrive at the morning session of the annual conference of the Federal Reserve in Jackson, Wyo., on Saturday. (Reed Saxon/Associated Press) |
Bank of Canada governor Mark Carney wants an expanded mandate to prevent future financial meltdowns, and not just continue to act as the country’s inflation cop, he hinted on Saturday.
In comments to a symposium in Jackson Hole, Wyo. [Ed. Note: That's the Federal Reserve's annual conference], the G7’s youngest central banker warned that the bank’s mandate of strictly targeting inflation, while useful, may not be enough to prevent future meltdowns.
“Price stability should be retained as the central objective of monetary policy, although its definition may have to change,” he said in the prepared text of his remarks released by the Bank of Canada to the media.

A Montreal man accused of terrorist ties has asked the federal court to throw out the national security case filed against him by the federal government.
S