Flaherty to Name Canada Bank Chief in `Fullness of Time'

Canadian Finance Minister Jim Flaherty said today he will announce a new governor of the Bank of Canada “in the fullness of time.”

Flaherty’s brief comment on the way into a meeting of Conservative Party lawmakers in Ottawa comes a day after Senior Deputy Governor Tiff Macklem said for the first time he would take the job if it’s offered to him.

Governor Mark Carney is leaving the central bank June 1 to take over the Bank of England a month later. Economists in a Bloomberg survey after Carney announced his departure named Macklem as the most likely replacement. The second-most likely candidate is Export Development Canada Chief Executive Officer Stephen Poloz, JPMorgan Chase & Co. said in a March 19 report.

The Globe and Mail newspaper said Stanford University finance professor Darrell Duffie is also a candidate, citing a Reuters poll where one of 16 economists identified him as a possibility. Duffie declined to comment April 11 when asked by Bloomberg News if he wanted the job, and Poloz through a spokesman has declined several Bloomberg requests for comment over the last month.

Carney and Macklem testify at another parliamentary committee at 4:15 p.m. in Ottawa today.

To contact the reporters on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net; Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.