Poloz new Governor of bank of Canada

Western alumnus Stephen S. Poloz has been named Governor of the Bank of Canada for a seven-year term, starting June 3, bank directors announced today. Poloz, MA’79 (Economics) and PhD’82 (Economics), will succeed Mark Carney, who is leaving the bank on June 1.

“After pursuing an exhaustive domestic and international search to find the best candidate for this important and challenging role, the board ultimately found such an individual in Stephen Poloz,” said David Laidley, chair of the Special Committee of the Board of Directors. “Mr. Poloz has significant knowledge of financial markets and monetary policy issues and extensive management experience.

“We are confident Mr. Poloz will make an outstanding contribution to the work of the bank and uphold its reputation as a leading central bank.”

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