Deputy governor John Murray to retire from Bank of Canada next year

December 23, 2013 - 9:33 AM

OTTAWA - The Bank of Canada says deputy governor John Murray will retire next year, the second pending departure from the central bank's upper ranks.

Murray will step down on April 30, 2014, a day before senior deputy governor Tiff Macklem is scheduled to leave.

Murray, who has been a deputy governor since in January 2008, has overseen the central bank's analysis of domestic and international economic developments.

Macklem announced earlier this month that he will leave the bank on May 1, 2014, to become dean at the Rotman School of Management at the University of Toronto.

Macklem had been widely considered a leading candidate to succeed Mark Carney as governor but the job went to Stephen Poloz, who has was been governor since June.

News from © The Canadian Press, 2013

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