People: Bank of Canada appoints new deputy

Toni Gravelle
Toni Gravelle will start working at the Bank of Canada on October 1
Bank of Canada

Canada: The Bank of Canada has promoted the head of its financial markets department to fill the vacancy left by the retirement of deputy governor Lynn Patterson.

Toni Gravelle will take up his new role on October 1. He will be jointly responsible for overseeing the central bank’s financial system activities with fellow deputy Paul Beaudry.

Governor Stephen Poloz said Gravelle was a “versatile, thoughtful and experienced” leader.

“His deep knowledge of markets, proven leadership skills and

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