Governor's comment on resignation of IMF's Managing Director Rodrigo de Rato

"Mr. de Rato has been a strong leader and a driving force behind renewing the IMF to meet the global challenges of the 21st century. We at the Bank of Canada are very sorry that he will be leaving. His departure will be a big loss for the international community. We have enjoyed working with Mr. de Rato and we look forward to his continued leadership through to the 2007 Annual Meeting of the IMF."