GIC welcomes John Murray May 19, 2009

The Global Independence Center and the Canadian Consulate of Philadelphia are pleased to welcome John Murray, Deputy Governor, Bank of Canada, for a lunchtime presentation to its members & friends.

Since January 2008, John Murray has served as one of two deputy governors responsible for the Bank's assessment of domestic and international economic developments in support of monetary policy decisions, conducted by the Canadian Economic Analysis and International Economic Analysis departments. As a member of the bank's governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

In the midst of the worst financial crisis since the Great Depression, Canada has joined the ranks of governments that in recent weeks stepped up to help banks cope with more fallout from bad U.S. sub prime mortgages. In Canada's case, however, the reason for the assistance is a little different from some of its G-7 partners. Unlike banks in the U.S., Britain and Germany, which needed to be bailed out with hundreds of billions of dollars in new capital, Canada's major banks are solid and solvent. They don't need any help to work through their sub prime exposure.

To reserve tickets, contact : the GIC at the 215-898-9453
40 $ members
50 $ non-members

Location : Federal Reserve Bank of Philadelphia
10 Independence Mall, Philadelphia, PA