Economics
Bank of Canada Taps Fed for Deputy Versed in Oil, Negative Rates
- Sylvain Leduc joins Poloz on May 2 after San Francisco stint
- Appointment comes amid debate about cutting below zero
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The Bank of Canada plucked a researcher from the Federal Reserve Bank of San Francisco to help it navigate record-low interest rates and the lingering effects of a commodity shock.
Sylvain Leduc, currently a vice president at the San Francisco Fed, becomes the Canadian central bank’s newest policy maker starting May 2. The Montreal-born economist, 46, has published a string of papers in the last decade on subjects including the benefits of infrastructure spending, the links between exchange-rate swings and inflation, and extraordinary monetary policy.