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Mark Carney, former Bank of Canada governor and current governor of the Bank of England, issued the following statement to BNN about his time working with former finance minister Jim Flaherty:
"I had the privilege of working with Jim Flaherty for the better part of eight years, including through some of the most turbulent times in Canada's and the world's economic history. From his sound management of the Canadian economy to his invaluable contributions to international policy making, Jim Flaherty has exhibited the very best of Canadian virtues in service to our country.
I have many fond memories of our work together, but I particularly recall the G7 meeting in Iqaluit that he hosted during the depths of the global recession. Canada stood literally and figuratively at the top of the world given its economic and financial performance. That year Canada re-established the G7 and helped put in place the conditions for recovery. Much of that was down to Jim Flaherty, my colleague and friend."
Carney first joined the Bank of Canada as deputy governor in 2003, and served as governor of the Bank of Canada from February 2008 until June 2013. He spent most of his term working closely with Jim Flaherty.