MEDIA RELEASE

OTTAWA, November 30, 2012 - Bank of Canada Governor Mark Carney, named this week as the new head of the Bank of England, is Inside Policy (IP) Magazine's choice as Canada's Policy Maker of the Year.

"Mark Carney is a clear and obvious choice as Policy Maker of the Year," says Brian Lee Crowley, Managing Director of the Macdonald-Laurier Institute, publisher of IP. "His influence on public policy decisions, and economic outcomes, has been unique."

As Robin Sears writes in the IP cover profile: "Carney, in less than five years on the job, has had a greater impact on public policy than any Bank of Canada governor before him."

Appointed Governor of the Bank of Canada in February 2008, Carney also serves as Chairman of the Financial Stability Board, the G20 watchdog over banking and financial services. His previous experience as an investment banker, in the London and New York offices of Goldman Sachs, "came in very handy for Canada during the financial crisis of 2008," notes IP Editor L. Ian MacDonald. "Carney and Finance Minister Jim Flaherty get a lot of credit for seeing Canada safely through the storm."

As Sears writes in his profile of Carney: "He understands well the interplay between Bank policy, media intermediation, and the behaviour of both consumers and key decision makers in the economy."

The Carney cover story leads IP's Year in Review issue, which includes an economic overview by Kevin Lynch and Karen Miske of BMO Financial Group. The authors conclude that Canada is doing well, "relatively speaking", compared to our partners in the G7 and G20.

IP is the national bi-monthly magazine of the Macdonald-Laurier Institute. IP's Year in Review issue will be released on Monday, December 3, 2012. www.macdonaldlaurier.ca/inside-policy/current-issue  

The Macdonald-Laurier Institute is an independent non-partisan Ottawa-based national think tank devoted to the development of Canadian public policy.

For more information, contact:

Tripti Saha
Communications Officer
Macdonald-Laurier Institute
613-482-8327 ext 105
tripti.saha@macdonaldlaurier.ca

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