Bank of Canada restructures to enhance stability

The Bank of Canada on Monday reorganised its senior management structure to better safeguard stability and improve its research capability.

The reorganisation - the culmination of an internal review led by the central bank's senior management - involves the appointment of senior staff to lead the central bank's work in monetary policy, financial stability, the management of the Canadian government's funds and Canadian banknotes.

Paul Fenton and Lawrence Schembri, as heads of the new Canadian e

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