In his recent #ForwardGuidance video, PM #MarkCarney shows us a figurine of Sir Isaac Brock, which he says was given to him by Mike Myers. Do you really think Mike Myers gave him that figurine?
In his recent #ForwardGuidance video, PM #MarkCarney shows us a figurine of Sir Isaac Brock, which he says was given to him by Mike Myers. Do you really think Mike Myers gave him that figurine?
I finally watched the first episode of #ForwardGuidance, PM #MarkCarney's new podcast.
I was quite pleased overall: it's good to hear the government focusing on infrastructure, housing construction, military spending and tax cuts. And it's a delight to be reminded of Canada's history and some of the lessons it can teach us.
I have three major criticisms, which I'll make in my next posts.
1/3
#TashaKheiriddin has a theory of the first episode of the #ForwardGuidance podcast: PM #MarkCarney is preparing Canadians for the failure of #CUSMA negotiations
https://nationalpost.com/opinion/tasha-kheiriddin-carney-preparing-to-fail-in-trump-negotiations
Could be; it would be a wise thing to do. Failure would be bad for us, but it's certainly possible.
"When asked last week whether the U.S. may extend CUSMA, Commerce Secretary Howard Lutnick responded only that “Trump thinks it’s a bad deal.”"
During my time as Governor of the Bank of Canada, I developed a practice to assure people that no matter how challenging the situation seemed, we had a plan and we would act on it until our problems were solved.
I called it forward guidance, and the situation we find ourselves in today demands the same.
Here’s how I see things.
#PrimeMinisterOfCanada #MarkCarney #ForwardGuidance
https://www.youtube.com/watch?v=uk2TZwkhi4E


San Francisco Fed President Mary Daly emphasizes need for monetary policy flexibility amid heightened uncertainty from Iran war, warning against excessive forward guidance while noting risks of prolonged Middle East conflict could intensify inflation pressures and complicate dual mandate balancing

The Bank of Korea’s extension of forward guidance from three to six months is expected to reduce policy uncertainty and stabilize the Seoul bond market in the short term, though debate remains over its long-term impact on market volatility.
The Bank of Korea finds that 62.8% of market participants view its three-month rate outlook as conditional, while 72% express concerns about widening gaps if forward guidance is extended, highlighting the need to balance policy credibility and flexibility.