Outsiders may fill vacuum at top of Bank of Canada

The Bank of Canada, facing a top-level retirement and the departure of its cost-cutting number two, may have to look at outside nominees to bring its management team back up to strength, analysts said on Monday.

Malcolm Knight, who helped cut bank staff and switch to a system of preset dates to set Canadian interest rates, steps down as senior deputy governor on 31 March to head the Bank for International Settlements (BIS), the central banker's bank.

And Charles Freedman, the deputy governor wh

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