The Bank of Canada is losing a second deputy governor in 12 months, in what may be the final changes to its main policy-making body before governor Stephen Poloz’s mandate ends next year. Deputy governor Lynn Patterson, one of six members of the council overseeing monetary policy, will step down July 19, the Ottawa-based central bank said Wednesday in a statement. The search for a new deputy governor will come in “due course.”The Bank of Canada says deputy governor Lynn Patterson will step down on July 19. It took the central bank about six months last year to replace Deputy Governor Sylvain Leduc with academic Paul Beaudry. Patterson is one of two women on the Bank of Canada’s governing council, along with Senior Deputy Governor Carolyn Wilkins.

Source: thestar May 08, 2019 19:30 UTC