Central bank contributing to international efforts to review the role and use of external credit ratings
Firms are having an easier time obtaining loans
Hodgson to be senior representative for financial markets at the BoC’s Toronto office
Appointment fills vacancy created by Duguay’s retirement
Growing sovereign debt a source of risk for economic growth
Steady rise in debt makes households vulnerable to income shocks
Changes made to bond buyback program
Recession left world awash in sovereign debt
Carney calls for radical reforms to aid recovery
Health of the global financial system has substantially improved over the last few years