The Bank of Canada is filling two vacancies on its governing council with a pair of economists who are already well known at the central bank.
In May, Marc-André Gosselin, the Bank of Canada’s managing director of economic analysis, will become a deputy governor. He has worked at the central bank in progressively senior roles since 1999.
Nicolas Vincent, currently serving as external deputy governor, will also join the board on a full-time basis starting in August and will take on responsibilities as the Bank of Canada’s G7 and G20 deputy.
The Bank of Canada will begin a recruitment process to fill the external deputy governor position vacated by Vincent, who first assumed the role in 2023 while also working as a professor at HEC Montreal.
Gosselin and Vincent will replace Sharon Kozicki, who plans to retire, and Rhys Mendes, who recently left the central bank to return to Toronto.
The Bank of Canada’s governing council is responsible for maintaining financial stability and executing monetary policy for the country, including setting the benchmark interest rate.
