Central Banking

Clock keeps ticking on naming new BoC head

Time is running out for Gordon Thiessen's term as Bank of Canada governor, and there is still no official word concerning who will become his successor. With Thiessen set to step down January 31, speculation had heated up in recent days that the central bank's board of directors meeting on Thursday would be a likely venue for deciding Thiessen's replacement.

The current mechanism for appointing senior bank officials mandates that the Bank of Canada board of directors first approve a candidate,