A recap of the finance committee hearing
Bank of Canada Governor Mark Carney prepares to appear before the House of Commons standing committee on Finance on Parliament Hill in Ottawa on Tuesday, February 12, 2013. THE CANADIAN PRESS/Fred Chartrand
Bank of Canada Governor Mark Carney was once again answering questions from MPs this morning — not in London this time but in the more familiar setting of the House of Commons finance committee. The conversation spanned household debt, jobs, the Dutch Disease, currency wars, the Bank of Canada’s forecasting abilities and even credit card regulations, which Raymond Côté, NDP MP for Beauport-Limoilou, had strong feelings about but were unfortunately deemed completely outside the BoC’s mandate.
Here’s a what the governor argued, in a nutshell: