Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Flaherty Says Carney’s Replacement Needs to Control Inflation

Canadian Finance Minister Jim Flaherty said it’s important that the next governor of the Bank of Canada maintain “solid monetary policy” and control inflation.

“Inflation is very dangerous,” Flaherty said in an interview today with the CTV television network’s “Question Period” program. “The Americans are printing a lot of money, so are others around the world, so we have to watch that we never go back to the ’70s and ’80s where inflation got out of control in Canada.”

Governor Mark Carney, who has kept the key lending rate at 1 percent for more than two years, will leave the central bank June 1 to take the same job with the Bank of England. Flaherty has “a lot of respect” for Bank of Canada Senior Deputy Governor Tiff Macklem, a possible front-runner to succeed Carney, he said Dec. 5.

“Continuity matters,” Flaherty said. “But what really matters is to have a person who will maintain solid monetary policy and control inflation.”

Flaherty also said he doesn’t expect additional steps will be needed to cool the Canadian housing market in 2013.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.