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Tuesday, September 20, 2011

Financial Woes Of Europe and U.S.A. Should Not Worry Canadians

The Governor of the Bank of Canada is telling Canadians that the financial problems currently facing Europe and the U.S. have little bearing our country's bottom line.

Speaking at a business luncheon today in the city, Mark Carney says one shouldn't be paralyzed by the fiscal woes going on in Europe and the U.S.

He says the Bank of Canada is there to protect and boost and economy, such as keeping prices stable.
 

He says given the downturn in exports to the U.S., Canada needs to begin making headway into emerging markets like China.