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The Bank of Canada has named a pair of deputy governors to its inner circle, as it weighs economic policy in challenging times.
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Marc-André Gosselin and Nicolas Vincent will begin their appointments effective May 25 and Aug. 3, respectively.
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Gosselin, who’s held various roles with the central bank since 1999, will join the Bank of Canada’s governing council, responsible for monetary policy and financial stability.
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“(Gosselin’s) breadth of experience across both monetary policy and financial stability, and his deep modelling and analytical expertise will be an important asset to Governing Council as our country adjusts to a changing economic landscape,” Bank of Canada governor Tiff Macklemsaid in a statement.
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Vincent has been a part of the governing council since 2023 as an external deputy governor, but will now take a full-time role. He is in charge of international economic developments and will serve as the Bank’s deputy in the G7 and G20.
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The bank is now in the process of filling Vincent’s external deputy position.
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The Bank of Canada’ next interest rate decision is scheduled for April 29.
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