Carney: 'I have no political ambitions'
Feb 7, 2013 / 6:59 am
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.
Read more Business News
|QHR Technologies Inc||0.64||+0.03|
|Anavex Life Sciences||0.695||-0.04|
|Copper Mountain Mining||1.73||-0.06|
Big Picture Economic Data Remains the Focus Equity markets around the world continued to decline this week as investors remain focused on the trend of economic data and whether economic growth is stro...
With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here&r...
My closest partner is my wife and this week I just wanted to share some of our work from her perspective, as she is more of a "thinker" than me, and I wanted to share our activities and goa...
- Mining, oil and gas companies to face tougher rules around disclosing payments
- TSX adds to losses over central bank concerns
- Asian markets down over concerns
- Global energy companies 'dead serious' about B.C. natural gas, says minister
- Teletoon Canada plans to air 'Inspector Gadget' reboot
- TSX drops in early market trading
- Canadian dollar takes a hit
- Apple unveils music streaming service
- What's up Apple?
- Canadian dollar rises on job report
- Tom Cruise backs Wal-Mart
- Royal Bank to edge up mortgage rates