Article ... Bank of CanadaBank of Canada head sees long-term commodity boom
https://www.miningweekly.com/article/bank-of-canada-head-sees-long-term-commodity-boom-2012-05-02
TORONTO – Commodity prices are likely to remain high for longer than in previous booms, Bank of Canada Governor Mark Carney said on Tuesday, while repeating the central bank's recent warning that interest rates may need to rise.
Carney, asked to name potential mistakes that investors could make, told a business audience that one error "would be to think that ... current elevated levels of commodity prices are a temporary phenomenon."
"Eventually, all commodity booms end, but this one in our view will go on for some time," he said, noting that Canada is well positioned in a global "commodity super cycle."
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