Bank of Canada to Appoint Second External Deputy Governor

The move aims to enhance diversity in monetary policy decision-making with a broader range of perspectives.

The Bank of Canada is recruiting a new external deputy governor to join its governing council, expanding the council from six to seven members.
The role was initially created last year to introduce diverse viewpoints into the central bank's monetary policy decisions.
Nicolas Vincent, the current external deputy governor and an economics professor, will continue his term until March 2026.
The new appointment comes as the Bank of Canada is in the midst of a monetary easing campaign, having recently reduced interest rates to 4.25%.
The recruitment firm Boyden is assisting in the search for a candidate with senior-level experience in business, financial markets, policy-making, or academia.