Flaherty Says Best to Have New BOC Governor This Month

Finance Minister Jim Flaherty said it would be best to have a replacement for Bank of Canada Governor Mark Carney named by the end of the April while declining to confirm that would be the case.

“It would be optimum to have the appointment made this month, but we’ll see if that’s possible,” Flaherty told reporters on a phone call today from Hamilton, Bermuda. “Part of the process is my interviews of the short-listed candidates,” he said. He wouldn’t say whether those interviews have taken place.

The central bank’s board of directors met this month to prepare a short list for Flaherty. The directors have been reviewing candidates after posting the job Jan. 7, following Carney’s surprise announcement in November that he would leave his job June 1 to lead the Bank of England.

Analysts at JPMorgan Chase & Co. have said the most likely replacements are Senior Deputy Governor Tiff Macklem and Export Development Canada Chief Executive Officer Stephen Poloz.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE