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Bank of Canada to appoint additional external deputy governor

A sign at the Bank of Canada building is seen in Ottawa, on Wednesday, July 24, 2024. (Justin Tang / The Canadian Press) A sign at the Bank of Canada building is seen in Ottawa, on Wednesday, July 24, 2024. (Justin Tang / The Canadian Press)
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OTTAWA -

The Bank of Canada said on Thursday it would appoint a second external deputy governor, a move that will expand the interest rate-setting governing council to seven members from the present six.

In a statement, it said the two-year term of external deputy governor Nicolas Vincent has been extended by a year to March 2026. Vincent was the first person to be appointed to the post.

(Reporting by David Ljunggren)

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