Mark Carney — the former governor of the Bank of Canada and the Bank of England — has been acting as an informal adviser to Prime Minister Justin Trudeau on the federal government's response to the COVID-19 pandemic. Carney "certainly has been advising the PM through different phases of this," said a senior government official speaking on background. Carney has long been rumoured to have political aspirations since returning to Canada after his term with the Bank of England expired earlier this year. He led the Bank of Canada during the global financial crisis more than a decade ago and held the top job at the Bank of England during the Brexit uncertainty. The economy is expected to decline in 2020-21 more than twice as much as it did in 2009-10 in response to the global financial crisis.

Source: CBC News August 10, 2020 17:42 UTC