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Bank of Canada Appoints UBC's Paul Beaudry as Deputy Governor

  • Fills vacancy left by departure of Sylvain Leduc in July
  • New policy maker won’t take part in next two rate decisions
Bank of Canada headquarters in Ottawa. 

Bank of Canada headquarters in Ottawa. 

Photographer: Chris Roussakis/Bloomberg

The Bank of Canada appointed Paul Beaudry, an economics professor at the University of British Columbia, as deputy governor. He fills a vacancy left by the departure of Sylvain Leduc in July.

The appointment will be effective Feb. 18, bringing to six the number of members on the central bank’s policy making governing council. Beaudry, who holds a Ph.D. in economics from Princeton University, specializes in business cycles, inflation and other macroeconomic issues, according to his faculty page on UBC’s website.