Canada moving to better economic mix: Carney

Bank of Canada governor Mark Carney says Canada’s economy is in the midst of what he believes will be a successful transition from over-dependence on borrowing to production that will include a softer housing market but stronger exports. Canada’s once-hot housing market has already begun to cool as Canadians temper their appetite for debt, Carney said in a television interview broadcast Sunday, adding the market likely has a couple of more years of adjustment.