Bank of Canada governor Stephen Poloz to step down in 2020

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.

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

Story continues below advertisement

© 2019 The Canadian Press



OTTAWA'S RETIREMENT PLANNING BLOG If you have questions about retirement or financial planning then take a look here. Tons of articles & information on Canadian financial planning topics such as life insurance, investing and more.There are still a lot of misconceptions about money & retirement planning. I just want to help you retire when you want and how you want. As a Registered Retirement Consultant-RRC® and independent adviser, I share my unbiased knowledge to help you have a better understanding of investing, insurance and financial planning.Getting on track for retirement doesn't have to be confusing or complicated. Get the information you need to avoid mistakes and be Ready For Retirement!