Editorial, July 13
4 minute read
Monday, Jul. 13, 2026
Bankers are detail-oriented, pragmatic types. They seek to maximize assets incrementally, without taking big swings or big risks.
Bankers who run central banks — controlling the monetary policy of nations and states — must also think strategically and geopolitically, taking care of the details of national monetary policy, protecting assets and minimizing risk while also positioning and protecting their nations in a global economy fraught with financial and political pitfalls.
Given that Canadian Prime Minister Mark Carney has been head of both the Bank of Canada and the Bank of England, it should be no surprise that, since he entered the political realm and became prime minister in 2025, he has governed like a careful national banker — the sort who raises or lowers interest rates a quarter-point at a time while carefully plotting a course through choppy geopolitical seas.
Domestically, Carney’s economic policies have focused on realizing the value of Canada’s assets in a post-COVID, inflationary global economy disrupted by the trade chaos of U.S. President Donald Trump, the U.S. and Israel’s war on Iran and Russia’s continuing war with Ukraine.
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