Mark Carney: Summary of the latest Monetary Policy Report Opening statement by Mr Mark Carney, Governor of the Bank of Canada, at the press conference following the release of the Monetary Policy Report, Ottawa, 22 April 2010. *  *  *  Good Morning.
But the scale of the banking losses is so high, relative to the capacity of the State, that its ability to err on the side of over-recapitalization was limited.