Foreign Affairs Minister Mélanie Joly has endorsed Mark Carney in the race for the leadership of the Liberal Party of Canada, arguing the former governor of the Bank of Canada has a "clear vision" for the future.

The source said Joly believes Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, is the best candidate to deal with U.S. President-elect Donald Trump's threat to impose ...

In a statement posted to social media, Joly said Carney "brings unparalleled economic experience, having served as governor of the Bank of Canada and the Bank of England." "During times of crisis ...

He also helped the U.K. to manage the after effects of Brexit during his 7-year tenure as governor of the Bank of England. “Mark brings unparalleled economic experience,” Joly said in a statement.

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The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business,

The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.

In the weeks following Prime Minister Justin Trudeau’s resignation announcement, the race to name his successor seems to have become a two-person contest between former Deputy Prime Minister

The Bank of England is planning to investigate how banks measure their exposures within their prime brokerage divisions after the business has grown more concentrated in recent years.

The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.

The race to replace Canadian Prime Minister Justin Trudeau is now set, with former central banker Mark Carney and former Deputy Prime Minister Chrystia Freeland the two biggest names to have declared their candidacy.