Governor of the Bank of Canada

The Governor of the Bank of Canada is chief executive officer and the chairman of the board of directors of the Bank of Canada; the incumbent governor is Mark Carney, who has served since 1 February 2008. The governor is appointed by the Minister of Finance, with the advice of the bank's board of directors and the approval of the Governor-in Council. Though, once in office, the occupant has been intended by most governments since the 1980s to act independently of the government.

It is, of course, difficult to see how much real autonomy the Governor could have in the light of section 14 subsection (2) of the Bank of Canada Act. See the excerpt below.

"(2) If, notwithstanding the consultations provided for in subsection (1), there should emerge a difference of opinion between the Minister and the Bank concerning the monetary policy to be followed, the Minister may, after consultation with the Governor and with the approval of the Governor in Council, give to the Governor a written directive concerning monetary policy, in specific terms and applicable for a specified period, and the Bank shall comply with that directive."

—"Minister’s directive"

Governors of the Bank of Canada

• Mark Carney (2008 – present)
• David A. Dodge (2001 – 2008)
• Gordon Thiessen (1994 – 2001)
• John Crow (1987 – 1994)
• Gerald Bouey (1973 – 1987)
• Louis Rasminsky (1961 – 1973)
• James Coyne (1955 – 1961)
• Graham Towers (1934 – 1954)

See also

• Crown corporation
• Governor of the Bank of England