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Bank of Canada Deputy Governor Cote to step down in January

Published 2015-10-26, 10:02 a/m
© Reuters. Bank of Canada Deputy Governor Cote to step down in January

OTTAWA, Oct 26 (Reuters) - Bank of Canada Deputy Governor
Agathe Cote, who has overseen the central bank's analysis of
domestic economic developments, will retire at the end of
January, the bank announced on Monday.
As one of the six members of the Governing Council, she has
shared responsibility for decisions on monetary policy and
financial system stability.
The process to appoint her replacement will begin at the end
of the year, the bank said.
Unlike the case of the U.S. Federal Reserve or the Bank of
England, Bank of Canada officials do not take independent public
stances but are expected to speak with one voice.

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