Bank of Canada head calls Occupy protests ‘entirely constructive’
The Occupy Wall Street demonstrations and other expressions of frustration with the global economic and financial system highlight the need for policy makers to show they are serious about forcing change, Bank of Canada governor Mark Carney says.
In a television interview, Mr. Carney acknowledged that the movement is an understandable product of the “increase in inequality” – particularly in the United States – that started with globalization and was thrust into sharp relief by the worst downturn since the Great Depression, which hit the less well-educated and blue-collar segments of the population hardest.