section_path: Financial career
section_name: Financial career
paragraph_text: Financial career
  
  Carney spent thirteen years at Goldman Sachs and worked in their Boston, London, New York City, Tokyo, and Toronto offices. His progressively more senior positions included co-head of sovereign risk, executive director for emerging debt capital markets, and managing director for investment banking. He worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis.
  
  In 2003, Carney left Goldman Sachs to join the Bank of Canada as a deputy governor. One year later, he was recruited to the Department of Finance Canada as senior associate deputy minister, beginning on November 15, 2004.
  
  From November 2004 to October 2007, Carney was the senior associate deputy minister and G7 deputy in the Department of Finance Canada. He served under two finance ministers: Ralph Goodale, a Liberal; and Jim Flaherty, a Conservative. During this time, Carney oversaw the Government of Canada 's controversial plan to tax income trusts at source. Carney was also the lead on the federal government's profitable sale of its 19 per cent stake in Petro-Canada.