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Bank of Canada Names New Deputy Governors to Address Departures
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 April 20, 2026 14:40 ET (18:40 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar. Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees. Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of ...
Bank of Canada | News, Videos & Articles
Global financial systems must ‘come to grips’ with AI risks, BoC governor says Bank of Canada Governor Tiff Macklem says while there's been a fair amount of discussion about Antrhopic's Mythos, no one knows yet the full implications of this latest AI advance. Tech Apr 17 Bank of mom and dad? More parents are co-signing adult kids’ mortgages Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, a Bank of Canada report added. Money Apr 14 Bank of Canada holds interest rates as Iran war rattles global economies The Bank of Canada held its benchmark lending rate at 2.25 per cent, but Governor Tiff Macklem is keeping an eye on how the Iran war could impact Canada's economy. Economy Mar 18 Iran war is ‘a dark cloud’ over Bank of Canada and the spring fiscal update The Bank of Canada is set to update interest rates on Wednesday as the Iran war brings a dark cloud over the Canadian economy and ahead of Ottawa's expected spring fiscal update. Canada Mar 17 Iran conflict has increased financial and energy market volatility: Macklem The head of the Bank of Canada warns new players in global debt markets aren't as closely monitored as traditional banks, which could drive new risks in a period of uncertainty. Economy Mar 4 The Bank of Canada says these are the 3 warning signs for mortgage default As of November 2025, the report states that outstanding residential mortgage debt in Canada reached approximately $2.4 trillion. Economy Mar 4 Canadian banks are preparing themselves for more bad loans this year Canada's biggest banks have been setting aside hundreds of millions of dollars in case customers can't pay off their loans, including mortgages. Economy Feb 26 Bank of Canada orders tip manager XTM to halt payments as B.C. restaurants’ money missing This comes after more people in the hospitality industry across B.C. are coming forward about tips disappearing from the third-party program that manages them. Economy Feb 17 AI may be killing entry-level jobs, Bank of Canada governor warns Bank of Canada governor Tiff Macklem said economic observers had expressed concern about 'over-investment and over-valuation as well as fears of job destruction' from AI. Economy Feb 5 Bank of Canada holds rates, says policy can’t make up for tariff ‘damage’ The Bank of Canada held its overnight benchmark interest rate at 2.25 per cent on Wednesday after the Bank's first monetary policy meeting of...
Bank of Canada announces the appointment of two Deputy Governors
The Board of Directors of the Bank of Canada today announced the appointment of Marc-André Gosselin and Nicolas Vincent as Deputy Governors, effective May 25 and August 3, 2026, respectively. As Deputy Governor, Mr. Gosselin will join the Bank's Governing Council which is responsible for decisions related to monetary policy and financial stability. In this role, Mr. Gosselin will oversee ...
Bank of Canada appoints two deputy governors - The Globe and Mail
The Bank of Canada's governing council is responsible for maintaining financial stability and executing monetary policy for the country, including setting the benchmark interest rate.
