How do you say "mush" in Italian? To give the Group of Seven finance ministers and central bank presidents a true Arctic experience, Canadian Finance Minister Jim Flaherty arranged to have them spend some time Friday afternoon dogsledding on frozen Frobisher Bay. Treasury Secretary Timothy Geithner, Federal ...

Canada's top banker warned financial executives on Monday to mend their ways and use profits generated with the help of taxpayer bailouts to boost capital reserves instead of paying out bonuses. "Relief is in danger of giving way to hubris," Bank of Canada Governor Mark Carney said in a speech in Montreal. "We will not remind market participants of ...

The head of Canada's central bank said Monday the global financial industry is in danger of becoming arrogant by resisting regulatory change and handing out bonuses that wouldn't be there if governments hadn't intervened during the financial crisis. Bank of Canada Governor ...