Bank of Canada appoints Toni Gravelle as new deputy governor
The Bank of Canada has appointed Toni Gravelle as its new deputy governor.
The central bank says that effective Oct. 1 Gravelle will replace Lynn Patterson, who retired over the summer.
Gravelle will join the governing council, which is the policy-making body for the bank and determines its strategic direction.
As deputy governor, he will help oversee the bank’s financial system activities.
Governor Stephen Poloz says in a statement that Gravelle’s deep knowledge of markets, proven leadership skills and innovative thinking will be invaluable for monetary policy and the bank’s efforts to promote financial stability.