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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.

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Wilson-Raybould reflects on reconciliation, SNC-Lavalin affair in new book

News|By Palak Mangat
At more than 200 pages, Jody Wilson-Raybould’s book draws on speeches, lectures, and other pieces on Indigenous issues she’s penned over the last 10 years.

Liberals gambling on help from provinces to fulfill new daycare promise

The $535-million pledged won’t cover all of the costs of the Liberals’ promised daycare reforms.

‘I didn’t think it was racist at the time,’ says apologetic PM, confirming he will not step down amid scathing ‘brownface’ Time report

News|By Mike Lapointe
The Prime Minister, who told reporters he only found out the story was breaking hours before, says he's 'going to be asking Canadians to forgive me for what I did.'

Pakistani envoy urges Canada, world to be ‘more forceful’ with India on ‘humanitarian disaster’ in Kashmir

Pakistan has ‘regularly’ raised the issue with Canadian counterparts, says Raza Bashir Tarar, but the ‘festering’ situation in the ‘highly charged’ region is only getting worse.

First debate a dress rehearsal PM hopefuls needed to prepare for prime time, say pundits

One thing is clear, marketing experts say Andrew Scheer will have to be more animated when he debates against Justin Trudeau, especially with his former leadership rival, Maxime Bernier, now in the mix.

Liberal, Conservative campaigns ‘at war,’ Scheer ‘vigorously swinging to land a punch’ on Trudeau: pollster

News|By Abbas Rana
It's only week two of the campaign and already the Liberals, Conservatives, NDP, and the Greens have all had to drop candidates over offensive or controversial past remarks.

Powerful Senate committee owes public answers on harassment plans, Meredith report, say Independents

Conservative Sen. Denise Batters says it was necessary to discuss matters in private to protect the confidentiality of victims, while Independents say it would have been possible to strike a balance and be transparent.

Savoie’s new ‘magnum opus’ book argues federal public service has been ‘knocked off its moorings’

News|By Mike Lapointe
A culmination of three years of work, the book takes stock of challenges facing Canadian democracy, including the decline of Cabinet government, centralization of the PMO, and 'fault lines' in the public service.

Arctic policy framework released ‘last minute’ ahead of October election, say experts

News|By Neil Moss
Liberal MP Larry Bagnell says he thinks the timing wasn't due to the federal government's framework on the Arctic and Canada's North being rushed, but rather waiting on territorial partners co-developing the package.
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