Bank of Canada Recruits New Officials as Kozicki, Mendes to Depart

The Bank of Canada is looking at internal candidates to fill spots on its rate-setting governing council after two deputy governors said they’ll leave the organization in the coming months.

Sharon Kozicki will retire in July after two decades at the central bank, while Rhys Mendes is departing in April to move to Toronto, according to a statement Monday. Mendes was appointed deputy governor in 2023.