mackaycartoons

Graeme MacKay's Editorial Cartoon Archive

  • Archives
  • DOWNLOADS
  • Kings & Queens
  • MacKaycartoons Inc.
  • Prime Ministers
  • Special Features
  • The Boutique
  • Who?
  • Young Doug Ford
  • Presidents

Wednesday February 11, 2009

February 11, 2009 by Graeme MacKay

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday February 11, 2009

Carney maintains his rosy outlook

Even as the economic horizon darkens, the man who controls the levers behind Canada’s performance is still predicting the economy will pick itself up off the floor starting later this year and stage a strong rebound in 2010.

Nearly alone among respected forecasters, Bank of Canada Governor Mark Carney has said the combined efforts of Canada, the United States and other industrial nations to counteract the global recession will begin to turn things around here by late summer.

Asked yesterday by an opposition MP if the central bank was not out “on something of an optimistic limb” in its predictions, Carney told the Commons finance committee: “We don’t do optimism, we don’t do pessimism.

“We do realism at the Bank of Canada. We don’t do spin.”

Carney, 43, a former Goldman Sachs executive and finance department whiz kid, expressed full confidence in the bank’s number crunching.

It’s based on hundreds of interviews with business people, bank loans surveys and 21 economic forecasting models, he said.

Still, Carney tempered his relatively upbeat outlook by cautioning that all forecasts are “subject to an unusually high degree of uncertainty” now because of the speed and worldwide reach of the current economic downturn. (Source: Toronto Star) 

 

Posted in: Canada Tagged: Bank of Canada, Canada, carnival, carny, Economy, Mark Carney, recession, ride
← Thursday February 5, 2009
Friday February 13, 2009 →

Please note…

This website contains satirical commentaries of current events going back several decades. Some readers may not share this sense of humour nor the opinions expressed by the artist. To understand editorial cartoons it is important to understand their effectiveness as a counterweight to power. It is presumed readers approach satire with a broad minded foundation and healthy knowledge of objective facts of the subjects depicted.

  • The Hamilton Spectator
  • The Toronto Star
  • The Globe & Mail
  • The National Post
  • Graeme on T̶w̶i̶t̶t̶e̶r̶ ̶(̶X̶)̶
  • Graeme on F̶a̶c̶e̶b̶o̶o̶k̶
  • Graeme on T̶h̶r̶e̶a̶d̶s̶
  • Graeme on Instagram
  • Graeme on Substack
  • Graeme on Bluesky
  • Graeme on Pinterest
  • Graeme on YouTube
New and updated for 2025
  • HOME
  • MacKaycartoons Inc.
  • The Boutique
  • The Hamilton Spectator
  • The Association of Canadian Cartoonists
  • The Association of American Editorial Cartoonists
  • You Might be From Hamilton if…
  • Young Doug Ford
  • MacKay’s Most Viral Cartoon
  • Intellectual Property Thief Donkeys
  • Wes Tyrell
  • Martin Rowson
  • Guy Bado’s Blog
  • National Newswatch
...Check it out and please subscribe!

Your one-stop-MacKay-shop…

T-shirts, hoodies, clocks, duvet covers, mugs, stickers, notebooks, smart phone cases and scarfs

2023 Coronation Design

Brand New Designs!

Follow Graeme's board My Own Cartoon Favourites on Pinterest.

MacKay’s Virtual Gallery

Archives

Copyright © 2016 mackaycartoons.net

Powered by Wordpess and Alpha.

Social media & sharing icons powered by UltimatelySocial
 

Loading Comments...