DAVOS, Switzerland Jan 25 Canada's finance
minister expects to choose the country's next central bank
governor in April and said on Friday he was looking worldwide
for the right candidate, who must hold a Canadian passport.
Mark Carney is stepping down as governor of the Bank of
Canada in June to head the Bank of England, and the process of
finding his replacement is under way.
Finance Minister Jim Flaherty, who will conduct the
interviews for the top monetary policy job, told Reuters he
expected to make a decision "probably in April", adding he had
no bias when it came to internal or external candidates.
"We will look around the world. One of our restrictions is
it has to be a Canadian - it doesn't matter where they live," he
said during the World Economic Forum meeting in Davos.
Carney's appointment to the Bank of England was accompanied
by glowing accounts of his role in keeping Canada's economy safe
during the global financial crisis, and Flaherty agreed he had
done a great job.
"We need to look for someone like Mark, actually," Flaherty
said. "We're going to look for a macroeconomist. We are going to
look for someone who sees the big picture."
The Bank of Canada conducts monetary policy independently of
the government of the day, but the finance minister has the
ultimate authority to overrule the governor in cases of extreme
disagreement, a power that has never been used.
An external recruiting firm, Odgers Berndtson, has
advertised the position, and a special committee of the Bank of
Canada's board of directors has the task of compiling a list of
potential candidates for the job.
The federal cabinet must approve all Bank of Canada governor