BoE's Carney says shift to fully-transaction based reference rates for financial contracts was "necessary and, over time, would happen"
Says libor controls now much tighter, but libor use to underpin $350 trillion of contracts "not desirable"
- US nonfarm payrolls rise more than expected in July
- Canada’s merchandise trade deficit widens in June
- Canada unemployment rate falls to lowest level since October 2008
- Canada Ivey PMI falls less than expected in July