Mark Carney could face a second week of tough questions, this time in Canada

Following the grilling in London last week, outgoing Bank of Canada governor Mark Carney may be in for a second round of tough questioning Tuesday, this time from Canadian MPs.

Canada’s federal finance committee has traditionally tended to be respectful, even deferential, to Bank of Canada governors, but analysts say today’s two-hour session may see a different tone since it’s the first time the MPs will be speaking with Carney since he announced he’s leaving for the Bank of England in June.

On monetary policy, Carney is likely to be asked why the central bank had been so wide off the mark on its growth forecasts for the second half of 2012, and if the most recent estimate of a two-per-cent advance this year could also be an overshot, given recent underwhelming data.

The governor will also likely be grilled on his decision to depart for a bigger pond while the Canadian economy is still fragile and over reports he was approached to run for the Liberal leadership at the same time he was vacationing with Liberal finance critic Scott Brison.

Few expect the Canadian hearing will be as gruelling as last week’s near four-hour marathon before a panel of British MPs. That session began with the chairman bluntly asking Carney to explain why he at first turned down the Bank of England job, then changed his mind, followed by whether he was worth $1.3 million a year.