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Bank of Canada deputy governor Agathe Cote to retire at end of January

OTTAWA – The Bank of Canada says deputy governor Agathe Cote will retire at the end of January.

Cote is responsible for overseeing the central bank’s analysis of domestic economic developments.

She joined the Bank of Canada in 1982 as an economist in its international department.

During her career, she served as deputy chief of monetary and financial analysis as well as financial markets and as chief of the research department.

Cote also served as secretary to the governing council for monetary policy and adviser to the governor before being appointed a deputy governor in July 2010.

A process to appoint a new deputy governor is expected to start before the end of this year.

Governor Stephen Poloz said he first met Cote when she interviewed at the bank more than 30 years ago.

“I suspected then what we all know today — that Agathe’s contribution to the bank would prove to be extraordinary, and lasting,” Poloz said Monday in a statement.