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Bank of Canada governor Mark Carney has been named The Canadian Press Business Newsmaker of 2012 in a survey of editors and ...
broadcasters across the country. Carney pulled in 59 per cent of the vote.
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Whether as a global rising star, or one whose brilliant trajectory has perhaps been knocked askew by suggestions of political impropriety, it was hard to ignore Mark Carney in 2012.Canada's omnipresent Bank of Canada governor was constantly making headlines.If he wasn't hectoring households for not saving enough, he was blasting business leaders for saving too much, or weighing in on the contentious issue of whether Canada's economy was showing symptoms of Dutch disease.As well, he continued to press global financial institutions to reform in the wake of the carnage they caused in triggering the crisis of 2008, warning that as head of the Swiss-based Financial Stability Board he intends to use all his powers to make sure they do.And then there was that head-turning job switch — the first non-Brit to be named governor of the Bank of England in the institution's storied 318-year history. The Chancellor of the Exchequer George Osborne called the Canadian the "outstanding central banker of his generation."Even admirers back home wondered if Mark Carney was worth such adulation.Recent revelations that he may have entertained thoughts of dumping one of the more exalted and non-partisan public offices to jump into the ring as a Liberal leadership contestant have elicited a different kind of head-turning, and raised questions about his judgment.Even before that recent media splash, the central banker was the clear choice in the annual survey of editors and broadcasters for The Canadian Press Business Newsmaker of the Year.The governor pulled in 59 per cent of votes, compared to Finance Minister Jim Flaherty's eight, and nine for Pierre Duhaime, the disgraced former head of SNC-Lavalin. Second spot, at 17 per cent of the votes, wasn't even a person, per se. It went to "The Canadian in Debt.""Canada's top exports: Lumber, oil, water, wheat, and Mark Carney," explained Rick Hughes, business editor of the Hamilton Spectator, for his choice.