Canada Said to Include External Candidates in Bank Search

Stephen Harper’s government will examine a broad pool of candidates to replace Mark Carney as Bank of Canada Governor, and won’t let a tight timeframe deter it from looking beyond internal candidates such as Senior Deputy Governor Tiff Macklem, according to a person with knowledge of the process.

Finance Minister Jim Flaherty issued a statement yesterday saying he will be directly involved in the selection of Carney’s replacement before his June 1 departure. A second person with knowledge of the process said the comments were meant to emphasize the government’s role in choosing a new Bank of Canada chief. Both people declined to be identified because the process is private.