Flaherty Says Bank of Canada Hire Followed Guidelines
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Canadian Finance Minister Jim Flaherty said the country’s central bank followed conflict of interest guidelines when it hired an adviser from Goldman Sachs Group Inc.
Bloc Quebecois lawmaker Daniel Paille and Thomas Mulcair of the New Democratic Party both asked about the hiring of Timothy Hodgson for an 18-month term. Flaherty said in response that the bank makes its own staffing decisions and that Hodgson has “severed” his ties to the private sector.