Toronto-Dominion Bank Promotes Caranci to Chief Economist

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Toronto-Dominion Bank, Canada’s second biggest lender by assets, appointed Beata Caranci chief economist, replacing Craig Alexander who is joining the C.D. Howe Institute.

Caranci, who becomes the only female chief economist at one of Canada’s five biggest banks, was deputy chief economist and head of TD’s U.S. and international economics unit, said Elizabeth Goldenshtein, a bank spokeswoman. Sherry Cooper was chief economist at Bank of Montreal until 2013.

Caranci didn’t immediately return a phone call seeking comment on the new job.

Alexander, 47, said by telephone he will be turning his focus to labor markets, economic competitiveness, monetary policy and financial market regulation in the new position.

“I’m very sad because I liked the people I worked with,” he said.

Alexander will be vice president of economic analysis at Toronto-based C.D. Howe, a research group. He will oversee C.D. Howe’s research councils, the institute said in a release.

There are “a lot of things to talk about,” he said. “The nice thing about C.D. Howe is they comment on the most pressing public policy issues of the day.”