CALGARY (Reuters) - Canada’s economy as a whole is doing “quite well” because it is diversified, helping offset weakness in the manufacturing sector, Bank of Canada Governor Mark Carney said on Thursday.
“We have had a very difficult adjustment in the manufacturing sector, unquestionably,” Carney said when asked how the central bank set policy for a country split between a booming resource-based economy in the West and a sickly manufacturing base in the central region.
“We set policy for the country. The country is diversified and the country is doing quite well.”
Reporting by Jeff Jones; Writing by Louise Egan; Editing by Frank McGurty