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Bank of Canada Announces Departure of Two Deputy Governors
Rhys Mendes will leave to relocate while Sharon Kozicki retires; the Bank of Canada will fill their posts through internal recruitment, affecting its monetary policy council.
- In Ottawa, the Bank of Canada announced that Deputy Governors Rhys Mendes and Sharon Kozicki will leave later this year, with Mendes departing on April 10 and Kozicki retiring on July 15.
- Mendes is departing to relocate to Toronto with his family, the bank said, while Kozicki will retire after a long central bank career in the coming months.
- Mendes was appointed in 2023 and led the bank's international analysis and G7/G20 representation, while Kozicki, who joined in 2006, oversaw domestic economic analysis and worked at U.S. Federal Reserve institutions.
- The bank will undertake an internal recruitment process to fill the deputy-governor posts, removing two members of the seven-person governing council that conducts day-to-day monetary policy.
- The bank said the exits come in the coming months and later this year, with Tiff Macklem, Governor of the Bank of Canada, noting Mendes shaped G7 Presidency policy and central-bank cooperation.
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14 Articles
14 Articles
The Toronto Star+5 Reposted by 5 other sources
Bank of Canada says Mendes leaving central bank, Kozicki to retire
OTTAWA - The Bank of Canada says deputy governor Rhys Mendes is leaving his post at the central bank, while deputy governor Sharon Kozicki will retire later this year.
·Toronto, Canada
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The Bank of Canada announces the departure of two of its Deputy Governors, who are also members of its Board of Directors.
·Montreal, Canada
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Coverage Details
Total News Sources14
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
Factuality
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