Advertisement

Bank of Canada governor Stephen Poloz to step down in 2020

Bank of Canada governor Stephen Poloz will be stepping down in 2020, the central bank announced on Dec. 6, 2019. Sean Kilpatrick/CP

The Bank of Canada says that governor Stephen Poloz will not seek a second term as governor when his seven-year term expires on June 2, 2020.

The board of directors of the central bank says it has begun a search process to select his replacement.

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Before becoming head of Canada’s central bank in 2013, Poloz was chief executive of Export Development Canada. He replaced Mark Carney, who left the Bank of Canada to become
governor of the Bank of England.

Poloz is 64 years old.

— More to come

Sponsored content

AdChoices