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Bank of Canada Announces Departures of Two Deputy Governors

3/24/2026

Summary

Story summary

The Bank of Canada announced the departures of Deputy Governors Rhys Mendes and Sharon Kozicki, with Mendes leaving April 10 and Kozicki retiring July 15.
Mendes, appointed in 2023, oversaw international economic analysis and contributed to Canada's G7 Presidency.
Kozicki joined the Bank in 2006 and became Deputy Governor in 2021, focusing on domestic economic developments.
Governor Tiff Macklem praised both and announced an internal recruitment to fill their roles.

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Story summary

The Bank of Canada announced the departures of Deputy Governors Rhys Mendes and Sharon Kozicki, with Mendes leaving April 10 and Kozicki retiring July 15.
Mendes, appointed in 2023, oversaw international economic analysis and contributed to Canada's G7 Presidency.
Kozicki joined the Bank in 2006 and became Deputy Governor in 2021, focusing on domestic economic developments.
Governor Tiff Macklem praised both and announced an internal recruitment to fill their roles.