Mark Carney

Amid escalating trade tensions with the US, Canada is reassessing its multi-billion dollar order for F-35 fighter jets from Lockheed Martin Corp. (NYSE:LMT). What Happened: Canada is actively exploring alternative options to the U.S.-manufactured F-35 stealth fighter and plans to engage in...

Canada is expected to have a new prime minister with former central banker Mark Carney winning the country's Liberal Party election to replace outgoing Prime Minster Justin Trudeau, who announced his intention to step down in January. Carney has had a fast rise in Canadian politics but also enters...

China has announced retaliatory tariffs on certain Canadian agricultural products in response to Canada’s import duties on Chinese electric vehicles, steel, and aluminum products. What Happened: China announced on Saturday that it would implement a 100% tariff on Canadian rapeseed oil, oil ...

Mark Carney has won the Liberal Party leadership race to succeed Justin Trudeau as Canada’s prime minister, vowing to stand firm against U.S. President Donald Trump’s trade threats as tensions escalate between the neighboring countries. What Happened: Carney, 59, the former governor of...

Mark Carney, a former central banker, is poised to become Canada’s new prime minister, with the task of steering the nation through the challenges posed by tariffs imposed by Donald Trump. What Happened: The Liberals announced Carney as the successor to Justin Trudeau on Sunday, following a...

Remember the time-tested saying "prepare for the worst but plan for the best?" This is the exact message Bank of England's Gov. Mark Carney is telling British banks. According to a Bloomberg report, Carney is urging banks to implement worst-case scenario plans in the event that Brexit negotiations...

The British pound recorded on Tuesday its best single-day performance since 2008. Bloomberg's Richard Jones explained during Tuesday's "Bloomberg Daybreak: Americas" segment that there are several moving parts which support the pound's gains of nearly 3 percent against the U.S. dollar. What Made...

The Bank of England met on Thursday, and, as expected, the central bank lowered its key interest rate for the first time in seven years to 0.25 percent from 0.5 percent. The vote to lower rates was unanimous across all nine officials, and the majority of officials expect to implement another rate...

It was unsurprising that the UK’s decision to leave the European Union was followed by a 10 percent slide in the pound, as both political and economic uncertainties had shaken markets. In addition, the Bank of England’s dovish guidance for monetary policy moved the pound even lower....

The British pound traded at a new post-Brexit low on Tuesday after the country's central bank stepped in to help support the now fragile economy and uncertain outlook. The Bank of England said on Tuesday it will lower the amount of capital that the country's banks are required to hold in reserve....

The United Kingdom's FTSE 100 index was trading higher by around 0.30 percent on Friday with more than four hours of trading remaining. If the index holds on to gains, it will mark the stock market's best weekly performance since 2011. The country's stock exchange saw a massive selloff last Friday...

The world's biggest banks are planning on pulling an all-nighter June 23–24 as they are expected to draft in senior traders to work after Britain's EU membership referendum, the long-awaited "Brexit" vote. According to a Reuters report, Wednesday into Thursday is "set to be among the most...

Inflation in the United Kingdom fell to zero in January and February, the lowest level on record, according to the Office for National Statistics. But excluding energy and food prices, February's inflation rate was 1.2 percent. "As in most recent months, this indicates that most of...