The federal cabinet has been on retreat this week in Halifax. All were present save for one notable exception. Mark Carney has not joined the cabinet, despite meeting earlier this year with Prime Minister Justin Trudeau, who said that he has been trying for years to get the former central banker to board the HMCS Trudeau.

Trudeau is evidently not persuasive, and Carney evidently not foolish. I know that personally, as the latter has been my guest for public conversations on values and markets.