Bank of Canada to Bring Outsiders into the Fold

Bank of Canada to Bring Outsiders into the Fold

The Bank of Canada’s governor, Tiff Macklem, announced plans to reorganize its governing structure by adding outsiders to its central policymaking council.

On Monday, the central bank said it would replace the retiring deputy governor Tim Lane with a candidate outside the organization. The external candidate will be hired on a two-year, part-time contract.

“This change provides an opportunity both to bring fresh and diverse perspectives into the Bank’s consensus-based policy decision-making framework and to ensure the Bank’s executive team has a balanced, streamlined and effective distribution of management responsibility.”

“In a context of increasingly complex and interconnected Canadian and global economies and financial systems, it’s vital that we as an organization constantly adapt and evolve,”

Tiff Macklem

Ian Clark

Ian Clark is a graduate of The College of The North Atlantic's School of Business and is a Mortgage Broker with East Coast Mortgage Brokers. Prior to ECMB, Ian was brokering with Mortgage Alliance Provincial Mortgage Group. Ian is also an active member of Mortgage Professionals Canada, Canadian Mortgage Brokers Association, Canadian Progress Club and the Mount Pearl Paradise Chamber of Commerce.