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Bank of Canada names new deputy governor, BԪַtemporarilyBԪַ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser
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The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

The Bank of Canada is naming a longtime central banker as a new deputy governor beginning early next month.

The bank says Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser to former governor Stephen Poloz and current governor Tiff Macklem.

She also worked on the bankBԪַs monetary policy framework in 2016 when the Bank of Canada renewed its inflation-targeting agreement with the federal government, which will be renewed again later this year.

In a statement, Macklem says Kozicki will make an important contribution to deliberations by the bankBԪַs governing council and ensure the Bank of Canada takes BԪַdecisions based on diverse perspectives.BԪַ

Her appointment brings the size of the bankBԪַs governing council back up to a full complement of six members, and is also the second hire in as many weeks after the bank named Carolyn Rogers as the new second-in-command starting in mid-December.

Once Rogers comes on the board, the central bank says in a statement that governing council BԪַwill temporarily consist of seven people,BԪַ which it adds will allow for BԪַsmooth succession in the event of future retirements.BԪַ

The Canadian Press

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