Duncan Cameron, from the Centre for Global Political

Duncan Cameron, Louis Vuitton UK from the Centre for Global Political Economy at Simon Fraser University, said Carney "has demonstrated in the Canadian context a quite uncanny ability to get things done under difficult circumstances", adding that "as governor he hasn't made any wrong steps". Following the collapse of Lehman Brothers in 2008, many Canadian banks and financial institutions held worthless mortgaged-backed bonds while other major players held none. Carney managed to negotiate a bailout settlement to share the losses. Carney "turned his back on a very lucrative career in private banking to go into a public service job where his first job was to try and bang heads together and try and remedy an almost impossible situation", said Cameron. "A lot of people wouldn't want to get up in the morning if they had to face that kind of situation and he seems to have thrived on it." The Canadian banking system, which is made up of five large banks, has been ranked the most sound in the world five years in a row by the World Economic Forum, Louis Vuitton Canada which praised it for being "well-capitalised, well-managed and well-regulated".