The Prime Minister announced today that Jean Boivin, Deputy Governor of the Bank of Canada, has been appointed Associate Deputy Minister of Finance, effective 25 October. Mr. Boivin will also serve as Canada's Finance Deputy at the G-7, the G-20 and the Financial Stability Board.

Bank of Canada Governor Mark Carney expressed his appreciation for Mr. Boivin's contributions during the past three years, first as a Special Adviser to the Governor and then as a member of the Bank’s Governing Council. "Jean’s knowledge and intellectual rigour have contributed greatly to the soundness of our monetary policy decision making. Jean will continue to contribute to public policy in his new role at the Department of Finance, and we look forward to working with him," Governor Carney said.

The Bank will undertake a process to select a new Deputy Governor shortly.