Bloomberg News

Canada’s Carney ‘Confident’ Europe Will Act to Contain Crisis

October 26, 2011

Oct. 26 (Bloomberg) -- Bank of Canada Governor Mark Carney said today that he is “confident” that Europe will take steps to contains its debt crisis, but may not resolve it.

Carney, speaking in an interview at the Buttonwood Conference in New York, said he expects Europe to go into a “brief recession” and that the crisis there represents the biggest risk for Canada’s economy.

To contact the reporter on this story: James L Tyson in Washington at

To contact the editor responsible for this story: Kevin Costelloe at

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