Tag: Bank of Canada

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Canada’s Economists Need To Improve Their Writing Skills: Report

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It’s important to be able to write clearly. Some of Canada’s economists are finding out just how important.

An “internal report card” gave mediocre grades to economists at the Bank of Canada on their writing skills.

The Bank of Canada is Canada’s central, or main, bank. “Economists” at the Bank of Canada are in charge of making sure Canada’s economy is healthy.

Every once in awhile, organizations like the Bank of Canada take a look at how well they’re doing.

Just like school report cards, they grade themselves in many different areas so they can see where they need to improve.

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News

Bank Of Canada’s Loss Is England’s Gain

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On Monday, Mark Carney made news when he announced that he was leaving his job as Governor of the Bank of Canada to become the Governor of the Bank of England.

The governor of a country’s central bank watches over the country’s money, and sets interest rates for borrowing or lending money to governments and others.

The governor also has to make sure there is enough cash in government accounts to cover all the programs it runs.

The central bank’s governor sets policies and rules for money matters at the highest level.

Carney told reporters that he took the job with the Bank of England because it will be a challenge.

He meant that he wanted to see if he could do a harder, or different, job than what he is doing now.

England is part of the United Kingdom, which is a member of the European Union.

Right now, the European Union is facing big decisions to make sure Europe’s financial future is strong.

Carney will have to help England to make those decisions.

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