Friday, November 28th-2.5°C
24302
23371

Carney: 'I have no political ambitions'

Mark Carney is making it clear he has no political ambitions, telling a British parliamentary committee that his decision to take the top job at the Bank of England is proof of that.

The statement before his unofficial confirmation hearing in London was perhaps the most categorical disavowal of any political interest for now, or when he is expected to return to Canada in five years.

"I'm surprised it has been suggested that taking one of the most challenging jobs in central banking in another country would be politically advantageous in my home country," he told the Treasury Select committee Thursday morning.

"If I had political ambitions, I would have pursued them in Canada and so I think this is revealed preference. I do not have political ambitions."

In what appeared a shocking decision last fall, Carney was hand-picked by the U.K. chancellor George Osborne to take charge of the storied, 319-year-old institution on July 1, the first foreigner to ever do so.

But unlike in Canada, Carney at first needs to pass through the gauntlet of the U.K. Treasury Select Committee. Although the committee does not have veto powers over Carney's selection, it could still make it difficult for the government to proceed with the unconventional choice.

The Canadian Press


Read more Business News

23630


Recent Trending




Today's Market
S&P TSX14744.70-177.74
S&P CDNX741.87-13.53
DJIA17828.240.49
Nasdaq4791.63+4.312
S&P 5002067.56-5.27
CDN Dollar0.8756-0.0062
Gold1175.20-21.40
Oil66.15-7.54
Lumber329.40+1.40
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.145-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.27-0.07
Cantex0.04-0.005
Anavex Life Sciences0.1998+0.0288
Metalex Ventures0.06+0.02
Russel Metals29.91-0.79
Copper Mountain Mining1.94-0.18
Colorado Resources0.125-0.005
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.05+0.005
Mission Ready Services0.325+0.005

 
24130


24053

FEATURED Property
2137277103-2205 Louie Drive
3 bedrooms 2 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Don't stop dreaming!

On Wednesday evening I drove through the Bow Valley in Alberta. It is my old home town... the first place Jackie and I moved to in 1988 when we emigrated. We ended up setting up home there and living...


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...

_



24207

24220


Member of BC Press Council


23369