The Bank of Canada on Tuesday named Agathe Côté, an adviser at the central bank, as one of its deputy governors.
Côté succeeds Pierre Duguay with effect from 30 July. Duguay retires on 29 July after more than 37 years with the central bank.
As deputy governor, Côté will join the central bank's Governing Council and share responsibility with Tim Lane, another deputy governor at the central bank, for overseeing its financial system activities.
"Agathe's deep knowledge of the institution, her sound