The US may be struggling to fill the vacant seats on the Federal Reserve’s board, but Canada is on the ball.
Today, the Bank of Canada announced that Jean Boivin would replace David Longworth as deputy governor and member of the governing council at the beginning of April. Separately, the Bank announced that another deputy governor, Pierre Duguay, will retire in July. Any bets on whether we’ll know who will fill that seat before any Fed governors are appointed?
Meanwhile, some background on Mr Boivin.