Bank of Canada Starts Search for New Governor
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The Bank of Canada has started the formal process to replace Governor Mark Carney, who is leaving in June to lead the Bank of England.
The committee of outside directors has placed newspaper advertisements and hired recruiting company Odgers Berndtson according to a statement today on the Ottawa-based central bank’s website. The candidate selected by the directors also needs the approval of the federal cabinet, including Finance Minister Jim Flaherty.