Bank of Canada announces senior management appointments

Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins, on behalf of the Board of Directors, today announced a number of new appointments to the senior management team.

Effective 30 May 2005, new appointments include the following:

• George Pickering, currently Chief, Financial Markets Department, becomes Adviser to the Governor, financial markets.
• Donna Howard, currently Deputy Chief, Financial Markets Department, becomes Chief of the Department.
• Larry Schembri, currently Research Director in the International Department, becomes Chief of the Department; James Powell, currently Chief of the International Department, will be retiring later this year.

Further information about the Bank's organizational structure and responsibilities, as of 1 September 2005.