By Paul Vieira
OTTAWA--The Bank of Canada on Monday moved to fill vacancies on its rate-setting governing council.
Canada's central bank said its current managing director of economic analysis, Marc-Andre Gosselin, would become the newest addition to the council. Gosselin, who joined the central bank in 1999, becomes a deputy governor effective May 25. As deputy governor, Gosselin will be in charge of overseeing domestic economic developments.
Meanwhile, Nicolas Vincent, who presently serves as an external deputy governor, will become a full-time deputy governor, effective Aug. 3, with oversight over international economic developments. Vincent is a professor at HEC Montreal, a French-language business school. The central bank said it would begin the search shortly for a new external deputy governor, who works primarily outside of the central bank.
Last month, the Bank of Canada said that Rhys Mendes was leaving his post as deputy governor, and that Sharon Kozicki would be retiring. The seven-member governing council, led by Gov. Tiff Macklem, is the policy-making body at the central bank, with responsibility for interest-rate policy and financial-system stability. It consists of a governor, senior deputy governor, and five deputy governors. Two of those deputy governors are external, or part-time positions.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
04-20-26 1440ET
