Home Page Election 2019 News Opinion Foreign Policy Politics Policy Legislation Lobbying Hill Life & People Hill Climbers Heard On The Hill Calendar Archives Classifieds
Hill Times Events Inside Ottawa Directory Hill Times Store Hill Times Careers The Wire Report The Lobby Monitor Parliament Now
Subscribe Free Trial Reuse & Permissions Advertising
Log In
Global

Mark Carney’s radical idea for fixing the world economy

By David Crane      

Interest rates are nearly zero in real terms, and the former Bank of Canada governor has proposed a digital solution that could help us weather the next recession.

Bank of England Governor Mark Carney, pictured with Don Newman in 2013 during his time as the governor of the Bank of Canada. Mr. Carney proposed introducing a global digital currency for international transactions during a meeting of central bankers in Jackson Hole, Wyoming last week. The Hill Times file photograph

TORONTO—At the G-7 leaders’ summit in Biarritz, France, the principle goal was to give U.S. President Donald Trump no excuse for another of his childlike temper tantrums or ugly tweets. French President Emmanuel Macron, the host, didn’t even try to produce a communique and, at a time when the world faced major risks to the economy and the environment, there was little time spent preparing to deal with them. It’s hard to know why they even bothered to meet.

Explore, analyze, understand
Inside 2020 Books – Inside Ottawa and Inside Canada
Get both Inside Canada pocket books for a special price.

Get the book
Inside Ottawa Directory – 2020 Edition
The handy reference guide includes: riding profiles, MPs by province, MP contact details, both Hill and constituency and more.

Get the book
Guide to Using Social and Digital Tools in Election Campaigns: Digital and Social Tools that Politicos are Using to get Elected, Raise Funds, and Recruit Volunteers
Guide to Using Social and Digital Tools in Election Campaigns

Get the book
Related Policy Briefings
Defence Policy Briefing
Short and informative analyses on policy challenges that bring background and recommendations to policymakers, journalists and the general public.

Read policy briefing
Environment
Short and informative analyses on policy challenges that bring background and recommendations to policymakers, journalists and the general public.

Read policy briefing
Innovation
Short and informative analyses on policy challenges that bring background and recommendations to policymakers, journalists and the general public.

Read policy briefing

Politics This Morning

Get the latest news from The Hill Times

Politics This Morning


Your email has been added. An email has been sent to your address, please click the link inside of it to confirm your subscription.

Central votes ‘balloon’ under Liberals, a ‘misuse’ of the spending tool, says Conservative MP

MPs are right to question the ‘trend’ towards central votes that give government’s flexibility on spending, says PBO.

Indigenous Affairs Committee votes down motion to call Wet’suwet’en hereditary chiefs

'It’s a question of the Crown and its relations with Indigenous people and chiefs. It’s not a question of getting their views to a parliamentary committee,' says Green parliamentary leader Elizabeth May.

Guilbeault says feds ‘absolutely prepared’ to make tweaks to feds’ media aid package

News|By Beatrice Paez
Plus, the heritage minister says recommendations made by an expert broadcast review panel will be used to inform a forthcoming government bill, which he expects to table before the House rises this summer.

Canada returns to ‘complex’ spending system, after ‘failed’ attempts at reform 

The current budget system is an ‘embarrassment’ still in need of a revamp, say critics who hope a minority Parliament will give opportunities for opposition feedback and a better system.

Feds eyeing ‘social-distancing’ measures in response to growing concerns over coronavirus outbreak, health official says

News|By Palak Mangat
Foreign Affairs Minister François-Philippe Champagne says there's no plan to repatriate those asking to be repatriated from Iran amid the coronavirus outbreak.

Lead up to Buffalo Declaration ‘disingenuous’ to Alberta, national caucus, says Conservative MP Kusie

News|By Mike Lapointe
Pollster Nik Nanos called the release of the declaration 'a bit of a veiled threat, especially considering no one was given a heads up and it just came right out of the blue.'

‘A fundamental reset’: pollsters, Indigenous experts call for re-examination of feds’ approach to reconciliation

'There’s no solution here that gives the hereditary chiefs what they want that doesn’t blow the underpinnings of the Canadian regulatory process for reviewing infrastructure,' says pollster Greg Lyle.

MPs still figuring out feedback, as key decisions await Centre Block renovation project

The three-member working group set up by the House Board of Internal Economy in 2019 to oversee Centre Block’s renovation was disbanded with the last Parliament, and discussions are now underway on its successor.

American presidential election could define new U.S. envoy Aldona Wos’ time in Ottawa, say analysts

News|By Neil Moss
Aldona Wos is the second straight top Republican donor from a southern U.S. state that U.S. President Donald Trump has nominated as ambassador to Canada.
Your group subscription includes premium access to Politics This Morning briefing.